TORONTO – Could Rogers and Cogeco be joining forces?Rogers announced Thursday that it has purchased 3.2 million subordinate voting shares of Cogeco Cable, and 1.62 million subordinate voting shares of Cogeco Inc., in cash purchase prices of $116.6 million and $46.4 million respectively, exluding commissions.In the announcement, Rogers said that it is acquiring the shares “for investment purposes”, and that it has “no current intention of acquiring ownership of or control or direction” over any additional shares at this time.The deal means that Rogers now owns 9.79 million subordinate voting shares of Cogeco Cable, or approximately 29.8% of the subordinate...
