Cogeco boards officially reject latest Altice/Rogers bid

MONTREAL - Cogeco Inc. and Cogeco Communications Inc. announced today their boards of directors “have unanimously rejected the revised unsolicited, non-binding proposal from Altice USA, Inc. of New York and Rogers Communications Inc. of Toronto.” The companies’ statement says the boards met early on Tuesday to consider the purchase offer and Louis Audet, who is the executive chair of both boards and the representative of the controlling shareholder Audet family, formally confirmed “the publicly stated unanimous position of the Audet family as set out in its press release dated October 18, 2020. “Following separate deliberations of the independent board members...