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Cogeco, Cogeco Communications Boards Reject Revised Unsolicited Non-Binding Proposal From Altice And Rogers
Gestion Audem Rejects Second Unsolicited Proposal From Rogers And Altice
Altice USA And Rogers To "Stand By" Cogeco Offer
Cogeco Inc, is a Canada-based company, which operates in the communications and media sectors. The Company operates through two segments: Communications and Other. The Communications segment, through the Company's subsidiary, Cogeco Communications Inc. (Cogeco Communications), provides its residential and business customers with video, Internet and telephony services through its two-way broadband fiber networks. The Other segment consists of radio and out-of-home advertising, among others. Cogeco Communications operates in Canada as Cogeco Cable Canada GP Inc. in Quebec and Ontario, and in the United States as Atlantic Broadband LLC in western Pennsylvania, south Florida, Maryland/Delaware, South Carolina and eastern Connecticut. Through its subsidiary, Cogeco Media Acquisitions Inc. (Cogeco Media), the Company owns and operates radio stations across Quebec. Cogeco Media operates Cogeco News, which is a Quebec's news agency, feeding affiliates, independent and community radio stations.
Broadcasting & Cable TV
1, Place Ville-Marie, Office 3301
Executive Chairman of the Board
President, Chief Executive Officer
Chief Financial Officer, Senior Vice President
Interim President - Atlantic Broadband
President of Cogeco Media
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Altice USA Inc's <ATUS.N> C$11.1 billion ($8.43 billion) revised offer to acquire Cogeco <CGO.TO> was rejected on Sunday by the Canadian cable company's top investor, the Audet family.
Cable operator Altice USA Inc <ATUS.N> and Rogers Communications Inc <RCIb.TO> said on Thursday they will pursue deal talks for Cogeco Inc's <CGO.TO> assets after a C$10.3 billion bid was rejected by the Canadian telecom company's board.
Altice USA Inc's <ATUS.N> C$10.3 billion ($7.9 billion) offer on Wednesday to snap up the U.S. assets of Cogeco Inc <CGO.TO> and sell the rest to Rogers Communications Inc <RCIb.TO> has been rejected by the Canadian cable company's top investor.
Altice USA Inc's bid on Wednesday to snap up the U.S. assets of Cogeco Inc and sell the rest to Rogers Communications Inc is facing resistance from the Canadian cable company's top investor.
Cable operator Altice USA Inc said on Wednesday it offered to buy Canadian cable company Cogeco Inc in a C$10.3 billion ($7.88 billion) deal.
* COGECO RELEASES ITS RESULTS FOR THE SECOND QUARTER OF FISCAL 2020
* QTRLY FREE CASH FLOW DECREASED BY $54.5 MILLION, OR 45.6%, TO REACH $64.9 MILLION COMPARED TO SAME QUARTER OF PRIOR YEAR
* GESTION AUDEM SELLS A SMALL BLOCK OF SUBORDINATE VOTING SHARES BY WAY OF A PRIVATE PLACEMENT
* SETS QUARTERLY DIVIDEND OF C$0.39PER SHARE Source text for Eikon: Further company coverage:
Canadian telecom company Rogers Communications Inc is considering selling the Toronto Blue Jays Major League Baseball team in an effort to generate cash that could be used in its core business, the company's chief financial officer said.
Canadian telecom company Rogers Communications Inc is looking to sell assets such as the baseball team Toronto Blue Jays and a stake in media company Cogeco Inc, Bloomberg reported on Wednesday, citing Chief Financial Officer Tony Staffieri.
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