Shareholders of Cogeco Communications, the more widely held stock, are being offered $150 a share, compared with $134.22 earlier. However, they have indicated it is not.”.


“...You publicly announced your proposal in which you said that the support of the Audet family was necessary to complete a transaction, yet you failed to disclose that they had rejected your proposal the prior evening.”, He wrote that Cogeco gave the initial offer all the “due care and attention it deserves.”. Shine wrote. The Corporation provides residential and business customers with Internet, video and telephony services through its two-way broadband fibre networks.

Altice and Rogers are offering the Audet family $900-million for their stake, an increase of $100-million. If you are looking to give feedback on our new site, please send it along to, To view this site properly, enable cookies in your browser.

A Cogeco Inc. shareholder is urging the Audet family to give other investors a say on a sweetened takeover bid worth $11.1-billion that the family swiftly dismissed on Sunday, just hours after it was tabled.
It owns an undisclosed number of shares in Cogeco and Cogeco Communications, and he says rejecting the new bid represents a big lost opportunity for investors. This is a space where subscribers can engage with each other and Globe staff. Click here to subscribe. Rogers Communications Inc. and New York-based cable company Altice USA Inc. raised their offer for Quebec-based Cogeco Inc. and subsidiary Cogeco Communications Inc. by $800-million, representing a premium of 51 per cent from the price before the first bid in September, which the family also rejected. Rogers is the largest shareholder in the Cogeco companies, owning about a third of the equity in both – an investment that goes back two decades.

Altice's revised offer included $123 per share for all the remaining subordinate voting shares of Cogeco Inc. and $150 per share for all the remaining subordinate voting shares of Cogeco Communications, which are publicly traded on the Toronto Stock Exchange.

The Caisse remains “aligned with the Audet family,” Caisse spokesman Maxime Chagnon said Monday.

The pension-fund giant said last month it backs the family’s plan to build Atlantic Broadband with an acquisition-based growth strategy. Altice chief executive Dexter Goei said the improved offer follows recent talks with holders of subordinate voting shares in the two Cogeco companies. Rogers vowed last month to ramp up spending in Quebec if the takeover bid is successful. Shareholders of Cogeco Communications, the more widely held stock, are being offered $150 a … “Since this is apparently not registering with Rogers and Altice, we repeat today that this is not a negotiating strategy but a definitive refusal.


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