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Broadband

Cogeco executive chairman says rejection of Altice USA, Rogers acquisition bid is 'definitive'

Tuesday 8 September 2020 | 08:51 CET | News
Canadian operator Cogeco's controlling shareholder the Audet family has issued what it says is a final rejection of the acquisition offer put forth by Altice USA and Rogers on 2 September. The bid, at CAD 10.3 billion, was rejected the next day on 3 September but the bidding parties issued a statement on 4 September, saying they "stand by" their offer and remain committed to pursuing a deal "engaging with shareholders and the boards in a constructive dialogue." Cogeco executive chairman Louis Audet said in a statement today that the shares are not for sale and that the refusal was not a

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Categories: Fixed
Companies: Altice USA / Cogeco Communications / Rogers Communications
Countries: Canada / United States
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