American company seeks to buy Cogeco

New York – based Altice USA Inc. has made an offer to buy Cogeco Inc.and Cogeco Communications Inc. for 10.3 billion dollars cash.  There’s also a side agreement to sell the companies’ Canadian assets to Rogers for 4.9 billion. 800-million dollars will go to Executive Chairman Louis Audet and his family for ownership interests and voting shares. The share prices offered for the two companies, $106.53 and $134.22 are roughly 30% above one-month trading averages.

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