Wiki source for Canada apos;s Cogeco apos;definitively apos; Rejects Altice Takeover.
image class="left" url="https://timgsa.baidu.com/timg?image&quality=80&size=b9999_10000&sec=1608616559073&di=4727eef7fcd1d0354665b4d756af3fa4&imgtype=0&src=http2F2Fuploadfiles2Fnmw%2F2014-bmw-s1000r-design-42.jpg" image class="left" url="" Altice USA is a subsidiary of French tycoon Patrick Drahi's telecom and media empire
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Canadian telecom giant Cogeco on Sunday definitively rejected an increased takeover bid from Altice USA, citing the company's "enviable" market position and continued profitability under current ownership.
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Just hours after Altice USA announced it had upped its purchase offer, Cogeco's controlling shareholder -- Montreal's Audet family -- released a statement saying they "unanimously reject this further proposal."
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"We are not interested in selling our shares," said Gestion Audem president Louis Audet in the statement.
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"This is not a negotiating strategy, but a definitive refusal."
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The Audet family, he said, had allowed the company to grow and prosper.
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"Today, [[http://www.nuwireinvestor.com/results.aspx?searchwords=Cogeco%20enjoys Cogeco enjoys]] a unique and enviable position as the only broadband services company with a significant presence in both Canada and [[https://c99716755.cafe24.com 자동차보험추천]] the United States."He also noted that the company "far outperforms those of either" Altice USA or 비교견적 Toronto-based Rogers, which was set to buy Cogeco's Canadian operations if the deal went ahead.Altice USA, a subsidiary of French tycoon Patrick Drahi's media and telecom empire, earlier in the day said it had increased its takeover bid to Can$11.1 billion ($8.4 billion) from the Can$10.3 billion proposed in early September.- No deal?
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-Altice USA was primarily interested in acquiring the Montreal-based firm's Atlantic Broadband US operations.Atlantic Broadband is the ninth-largest cable distributor [[https://c99716755.cafe24.com 자동차보험]]추천 in the US, [[https://c99716755.cafe24.com/%eb%8b%a4%ec%9d%b4%eb%a0%89%ed%8a%b8-%ec%9e%90%eb%8f%99%ec%b0%a8-%eb%b3%b4%ed%97%98-%eb%b9%84%ea%b5%90%ea%b2%ac%ec%a0%812 비교견적]] and an acquisition would have enabled Altice USA to add more than 1.1 million additional individuals and businesses to its customer por
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io<br>p> A side deal would also have then seen Altice sell Cogeco's Canadian assets to Rogers, which already has a significant stake in the telecom in
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ry<br>p> Rogers hoped to acquire a company whose activities are concentrated in Quebec, where it has a smaller pr
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ce<br>p> But the Audet family's rejection on Sunday now effectively buries the acquisition p
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ct<br>p> The company said in its own statement Sunday that if it did not reach a deal by November 18, "this revised offer will be with
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n.<br>p> Altice USA CEO Dexter Goei had described the "revised and enhanced" offer as "incredibly attractive" for
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co<br>p> But he had also stressed the need to get the support of Audet, [[https://c99716755.cafe24.com/%eb%8b%a4%ec%9d%b4%eb%a0%89%ed%8a%b8-%ec%9e%90%eb%8f%99%ec%b0%a8%eb%b3%b4%ed%97%98-%eb%b9%84%ea%b5%90%ea%b2%ac%ec%a0%811 자동차 보험]] Cogeco's chairman and controlli
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<br><br> Altice USA's sweetened offer had included Can$900 million to the Audet family, versus an initial Can$800 million, for their owner
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<br><br> Created in 1957 by Henri Audet, Cogeco is the second-largest cable distributor in Ontario and Quebec -- Canada's two most populous provinces -- where it provides internet, video and telephone services.
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It is also present in 11 states on th
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eas<br>ast.
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Canadian telecom giant Cogeco on Sunday definitively rejected an increased takeover bid from Altice USA, citing the company's "enviable" market position and continued profitability under current ownership.
---
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Just hours after Altice USA announced it had upped its purchase offer, Cogeco's controlling shareholder -- Montreal's Audet family -- released a statement saying they "unanimously reject this further proposal."
---
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"We are not interested in selling our shares," said Gestion Audem president Louis Audet in the statement.
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"This is not a negotiating strategy, but a definitive refusal."
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---
The Audet family, he said, had allowed the company to grow and prosper.
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"Today, [[http://www.nuwireinvestor.com/results.aspx?searchwords=Cogeco%20enjoys Cogeco enjoys]] a unique and enviable position as the only broadband services company with a significant presence in both Canada and [[https://c99716755.cafe24.com 자동차보험추천]] the United States."He also noted that the company "far outperforms those of either" Altice USA or 비교견적 Toronto-based Rogers, which was set to buy Cogeco's Canadian operations if the deal went ahead.Altice USA, a subsidiary of French tycoon Patrick Drahi's media and telecom empire, earlier in the day said it had increased its takeover bid to Can$11.1 billion ($8.4 billion) from the Can$10.3 billion proposed in early September.- No deal?
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-Altice USA was primarily interested in acquiring the Montreal-based firm's Atlantic Broadband US operations.Atlantic Broadband is the ninth-largest cable distributor [[https://c99716755.cafe24.com 자동차보험]]추천 in the US, [[https://c99716755.cafe24.com/%eb%8b%a4%ec%9d%b4%eb%a0%89%ed%8a%b8-%ec%9e%90%eb%8f%99%ec%b0%a8-%eb%b3%b4%ed%97%98-%eb%b9%84%ea%b5%90%ea%b2%ac%ec%a0%812 비교견적]] and an acquisition would have enabled Altice USA to add more than 1.1 million additional individuals and businesses to its customer por
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io<br>p> A side deal would also have then seen Altice sell Cogeco's Canadian assets to Rogers, which already has a significant stake in the telecom in
---
ry<br>p> Rogers hoped to acquire a company whose activities are concentrated in Quebec, where it has a smaller pr
---
ce<br>p> But the Audet family's rejection on Sunday now effectively buries the acquisition p
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ct<br>p> The company said in its own statement Sunday that if it did not reach a deal by November 18, "this revised offer will be with
---
n.<br>p> Altice USA CEO Dexter Goei had described the "revised and enhanced" offer as "incredibly attractive" for
---
co<br>p> But he had also stressed the need to get the support of Audet, [[https://c99716755.cafe24.com/%eb%8b%a4%ec%9d%b4%eb%a0%89%ed%8a%b8-%ec%9e%90%eb%8f%99%ec%b0%a8%eb%b3%b4%ed%97%98-%eb%b9%84%ea%b5%90%ea%b2%ac%ec%a0%811 자동차 보험]] Cogeco's chairman and controlli
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<br><br> Altice USA's sweetened offer had included Can$900 million to the Audet family, versus an initial Can$800 million, for their owner
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<br><br> Created in 1957 by Henri Audet, Cogeco is the second-largest cable distributor in Ontario and Quebec -- Canada's two most populous provinces -- where it provides internet, video and telephone services.
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It is also present in 11 states on th
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eas<br>ast.
