Cable / Telecom News

Cogeco raises $147 million

MONTREAL - Cogeco Cable said today its public offering of three million subordinate voting shares announced on July 19, 2007 has closed, for gross proceeds of $153.45 million, "The subordinate voting shares are being distributed to the public pursuant to a short form prospectus filed with securities regulatory authorities in each province and territory of Canada through an underwriting syndicate led by BMO Nesbitt Burns Inc. and including CIBC World Markets Inc., GMP Securities L.P., Scotia Capital Inc., Desjardins Securities Inc. and National Bank Financial Inc.," says the press release. The offering will result in net proceeds to Cogeco Cable...