Cable / Telecom News

Cogeco subsidiary completes Peer 1 purchase


MONTREAL, QC and VANCOUVER, BC – Cogeco Cable Inc.  and Peer 1 Network Enterprises, Inc.  announced today that 0957926 B.C. Ltd., an indirect wholly-owned subsidiary of Cogeco Cable, has completed its compulsory acquisition of all of the remaining outstanding common shares of Peer 1 at a price of $3.85 in cash per common share, and now owns 100% of the outstanding common shares. In addition, Peer 1 announced today that the common shares have been delisted from the Toronto Stock Exchange as of the close of business on March 28, 2013. The company says it has applied to the relevant...