MONTREAL, Sept. 2, 2020 /PRNewswire/ - Cogeco Inc. (TSX:
CGO) and Cogeco Communications Inc. (TSX: CCA) (collectively, the
"Corporations") today announced that the independent members of
their Boards of Directors have rejected an unsolicited, non-binding
proposal from Altice USA, Inc. of
New York and Rogers Communications
Inc. of Toronto.
The rejection followed meetings of both Boards held earlier
today and discussions with members of the Audet family to review the unsolicited
proposal.
ABOUT COGECO INC.
Cogeco Inc. is a diversified holding
corporation which operates in the communications and media sectors.
Its Cogeco Communications Inc. subsidiary provides residential and
business customers with Internet, video and telephony services
through its two-way broadband fibre networks, operating in Québec
and Ontario, Canada, under the
Cogeco Connexion name, and in the
United States under the Atlantic Broadband brand (in 11
states along the East Coast, from Maine to Florida). Its Cogeco Media subsidiary owns and
operates 23 radio stations with complementary radio formats and
extensive coverage serving a wide range of audiences mainly across
the province of Québec, as well as Cogeco News, a news agency.
Cogeco's subordinate voting shares are listed on the Toronto Stock
Exchange (TSX: CGO). The subordinate voting shares of Cogeco
Communications Inc. are also listed on the Toronto Stock Exchange
(TSX: CCA).
ABOUT COGECO COMMUNICATIONS INC.
Cogeco Communications
Inc. is a communications corporation. It is the 8th largest cable
operator in North America,
operating in Canada under the
Cogeco Connexion name in Québec and Ontario, and along the East Coast of
the United States under the
Atlantic Broadband brand (in 11 states from Maine to Florida). The Corporation provides residential
and business customers with Internet, video and telephony services
through its two-way broadband fibre networks. Cogeco Communications
Inc.'s subordinate voting shares are listed on the Toronto Stock
Exchange (TSX: CCA).
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SOURCE Cogeco Inc.