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Cogeco and Cogeco Communications boards of directors reject revised Unsolicited Non-Binding Proposal From Altice and Rogers
Cogeco and Cogeco Communications boards of directors reject revised Unsolicited Non-Bindi...
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[{"type":"text","content":"\n \n \n \n Cogeco and Cogeco Communications boards of directors reject revised Unsolicited Non-Binding Proposal From Altice and Rogers\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n MONTREAL, Oct. 20, 2020\n \n \n \n \n \n MONTREAL\n \n ,\n \n Oct. 20, 2020\n \n /CNW Telbec/ - Cogeco Inc. (TSX: CGO) and Cogeco Communications Inc. (TSX: CCA) (collectively, the \"Corporations\") today announced that their boards of directors have unanimously rejected the revised unsolicited, non-binding proposal from Altice\n \n USA\n \n , Inc. of\n \n New York\n \n and Rogers Communications Inc. of\n \n Toronto\n \n \n \n announced on\n \n October 18, 2020\n \n .\n \n \n The boards of directors of the Corporations met earlier today to consider the revised unsolicited, non-binding proposal from Altice\n \n USA\n \n , Inc. and Rogers Communications Inc. At that meeting, Mr.\n \n Louis Audet\n \n , as representative of the Audet family, formally confirmed to the boards the publicly stated unanimous position of the Audet family as set out in its\n \n press release dated\n \n October 18, 2020\n \n \n . Following separate deliberations of the independent board members supported by independent legal counsel, taking into account the stated position of the Audet family, the boards rejected the revised unsolicited, non-binding proposal and will not engage with Altice and Rogers.\n \n \n The Corporations will not comment any further at this time.\n \n \n \n ABOUT COGECO INC.\n \n \n Cogeco Inc. is a diversified holding corporation which operates in the communications and media sectors. Its Cogeco Communications Inc. subsidiary provides residential and business customers with Internet, video and telephony services through its two-way broadband fibre networks, operating in Québec and\n \n Ontario, Canada\n \n , under the Cogeco Connexion name,  and in\n \n the United States\n \n under the Atlantic Broadband brand (in 11 states along the East Coast, from\n \n Maine\n \n to\n \n Florida\n \n ). Its Cogeco Media subsidiary owns and operates 23 radio st...