Saturday, November 28

altice usa

altice usa, Carriers, cogeco, News, Rogers

Cogeco Board of Directors Rejects Revised Proposal from Rogers, Altice USA

Cogeco has announced that its board of directors has unanimously rejected the revised proposal from Rogers and Altice USA. “The boards of directors of the corporations met today to consider Altice's unsolicited and non-binding revised proposal United States, Inc. and Rogers Communications Inc, ”the company stated in a Press release. Altice and Rogers submitted the revised proposal on October 18 and raised their offer to $ 11.1 billion CAD, which was an increase from the $ 10.3 billion offered last month. Following the publication of the proposal, the Audet family, which controls Cogeco, publicly stated that they were not interested in the takeover bid. “Since this apparently is not registering with Rogers and Altice, we repeat toda...