Cogeco (TSX:CGO) Rejects Altice USA’s Revised C$11.1 Bn Takeover bid


  • The Audet family, Cogeco’s top investor, unanimously rejected Altice USA’s revised offer of C$11.1 billion to acquire the company, slightly up from the earlier C$10.3 billion bid.
  • The revised offer includes C$900 million ownership interests to the Audet family, up from the C$800 million offered previously.
  • Altice also sent a revised bid to Rogers Communications, Cogeco’s second largest shareholder, to sell its Cogeco Canadian assets for C$5.2 billion.
  • Altice USA said it will pull its revised offer to Cogeco if a deal is not reached by November 18.



We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK