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press release cogeco


Press Release Oct 18, 2020 21:45 UTC. Assumes exchange rate of 1.319 USD/CDN. [])). 1 Including an offer for CDPQ’s 21% stake in Cogeco… In January, Rogers started the rollout of Canada’s first 5G network in Montreal, and expanded the Rogers 5G network to Quebec City, Gatineau and Trois-Rivières last month. Today, Rogers is the largest 5G network in Quebec and Canada, reaching 130 towns and cities. Altice USA’s commitment to innovation, best-in-class services, long-term network investments and customer service creates significant benefits and long-term value for customers, employees and shareholders. Altice USA enhances offer to acquire Cogeco in order to own Atlantic Broadband. As part of Altice USA, Atlantic Broadband would benefit from enhanced scale, operating efficiencies and further investment support that are at the core of the Altice business model and strategy. Altice USA’s share repurchase and net leverage targets for 2020 remain unchanged from this transaction. Oman’s Raysut Cement acquires 75% of LafargeHolcim’s terminal at Thilafushi Island, Thai Cabinet Approves Parliament Session to Discuss Protests, Japan’s Oldest Mill Turns to Cleaner Steel to Take On China, Malaysia Ruling Parties UMNO, PAS to Formalize Pact Amid Turmoil, Modi to Seek Cash From State-Owned Companies Via Buybacks, JPMorgan Calls Turnaround on Turkey as Markets Warm to Borrowers, Stocks making the biggest moves midday: American Airlines, Halliburton, RH, AMC & more, Stocks making the biggest moves in the premarket: Concho Resources, Halliburton, AstraZeneca & more, More volatility is likely ahead as rising cases, lack of stimulus overshadow strong earnings, Stocks making the biggest moves midday: Boeing, Caterpillar, Chewy, Navistar & more, Stocks making the biggest moves premarket: Pfizer, Boeing, Chewy.com, Caterpillar & more, BELLUS Health announces launch of a public shares offering in Canada and the United States, First Women’s Bank selects Fiserv to enable the bank’s launch in early 2021, Windstream Enterprise names Brad Smith as new channel chief, BASF and GO Pakistan sign MoU for research-based collaboration for the automotive industry, Escrow.com goes live with eBay as exclusive payments provider for high value watches. Altice chief executive Dexter Goei said Sunday in a press release that the improved offer came after “recent discussions with holders of subordinate voting shares” in the two Cogeco companies. Altice USA and Rogers do not intend to disclose developments with respect to any discussions regarding the offer unless and until the Board of Directors of Altice USA and Rogers have approved a specific transaction or they otherwise determine that disclosure is necessary or appropriate. All the multiple voting shares of CGO are controlled by Mr. Louis Audet, the Executive Chairman of Cogeco, and members of the Audet family. Rogers will be entitled to receive the premium offered by Altice USA to all subordinate voting shareholders. Please enable Cookies and reload the page. Those provisions restrict the ability of the holders of multiple voting shares to accept an offer for those shares where the holders of subordinate voting shares are not effectively entitled to participate on equivalent terms. Rogers will be entitled to receive the premium offered by Altice USA to all subordinate voting shareholders. Aptum. Today, Rogers is the largest 5G network in Quebec and Canada, reaching 130 towns and cities. The offer also includes C$123 per share for the remaining CGO subordinate voting shares and C$150 per share for the remaining CCA subordinate voting shares. If Altice USA is unable to arrive at a mutually satisfactory agreement by November 18, 2020, or, at the very least, it does not see a clear path forward to completion of a transaction, this revised offer will be withdrawn. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "anticipate", "believe", "could", "estimate", "expect", "forecast", "intend", "may", "plan", "project", "should" or "will" or, in each case, their negative, or other variations or comparable terminology.

Structured and approved in this manner, the transaction could be completed notwithstanding the “coattail” provisions in place at CGO and CCA.

The acquisition of Atlantic Broadband, if consummated, would allow Altice USA to build on its success with prior cable acquisitions in the United States and expand its operations across 11 states on the east coast of the United States, adjacent to its existing Optimum and Suddenlink footprints. Altice USA’s share repurchase and net leverage targets for 2020 remain unchanged from this transaction.

The company operates a4, an advanced advertising and data business, which provides audience- based, multiscreen advertising solutions to local, regional and national businesses and advertising clients. Where, in any forward-looking statement, we express an expectation or belief as to future results or events, such expectation or belief is expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the expectation or belief will result or be achieved or accomplished. This revised offer is in line with Altice USA’s previously stated objective to opportunistically grow through value-accretive acquisitions. These offer prices represent significant premiums of 50% and 45% to each stock’s undisturbed 1-month (August 2020) volume weighted average price (VWAP) on the Toronto Stock Exchange respectively (the offer prices also represent a 57% premium for CGO SVS and 53% premium for CCA SVS to the undisturbed August 31, 2020 closing prices). This includes C$5.1 billion (US$3.9 billion) to be paid by Altice USA for the U.S. assets1: The all-cash offer by both Altice USA and Rogers is subject to entrance into definitive transaction agreements with Cogeco and the receipt of customary shareholder, corporate and regulatory approvals.

Certain statements in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Save my name, email, and site URL in my browser for next time I post a comment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our email address will not be published. Over the last 10 years, Rogers has invested more than C$2 billion in its wireless network in Quebec and offers wireless services across the province. Your email address will not be published. In January, Rogers started the rollout of Canada’s first 5G network in Montreal, and expanded the Rogers 5G network to Quebec City, Gatineau and Trois-Rivières last month. The aggregate all-cash consideration offered for all of the outstanding shares of CGO and CCA, including those owned by Rogers, is C$11.1 billion (US$8.4 billion). Altice USA also offers hyper-local, national, international and business news through its News 12, Cheddar and i24NEWS networks. Altice USA, Inc. Presents Revised and Enhanced Offer to Acquire Cogeco in Order to Own Atlantic Broadband NEW YORK & TORONTO--(Business Wire)- … Press Release October 19, 2020 October 19, 2020 NEW YORK: Altice USA Inc. has presented a revised and enhanced offer to Cogeco Inc. (CGO) and Cogeco Communications Inc. (CCA) to acquire 100% of the issued and outstanding shares of Cogeco. We encourage the Cogeco boards to act in the best interest of all shareholders and stakeholders as they thoughtfully consider this offer, and we respectfully request that the boards engage with us to discuss our proposal.”, Compelling and Value-Maximizing Revised and Enhanced All-Cash Offer with Significant Premium. “We encourage the Cogeco boards to act in the best interest of all shareholders and stakeholders as they thoughtfully consider this offer, and we respectfully request that the boards engage with us to discuss our proposal.”. ... Cogeco Peer 1 Changes Name to Aptum Technologies; Adds New Services to Enhance and Expand Hybrid Cloud Offerings. NEW YORK: Altice USA Inc. has presented a revised and enhanced offer to Cogeco Inc. (CGO) and Cogeco Communications Inc. (CCA) to acquire 100% of the issued and outstanding shares of Cogeco. Upon completion of the overall transaction, Altice USA would own all the U.S. assets (Atlantic Broadband) of Cogeco, and Rogers would own the Canadian assets.

As a result, the net consideration to be paid by Rogers for the Canadian assets of Cogeco reflects a gross price of C$6.0 billion, less the premium on the shares currently held by Rogers of C$800 million, less the value of Rogers’ shares excluding the premium of C$1.5 billion, for net cash consideration of C$3.7 billion. Altice USA (NYSE: ATUS) is one of the largest broadband communications and video services providers in the United States, delivering broadband, video, mobile, proprietary content and advertising services to more than 4.9 million residential and business customers across 21 states through its Optimum and Suddenlink brands. Over the last 10 years, Rogers has invested more than C$2 billion in its wireless network in Quebec and offers wireless services across the province. [])), +((!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+[])+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![]+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![])+(!+[]-(!![]))+(!+[]-(!![]))+(!+[]+(!![])+!![])+(!+[]+(!![])+!![]+!![])+(!+[]+(!![])+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![]))/+((!+[]+(!![])-[]+[])+(!+[]+(!![])+!![]+!![])+(!+[]-(!![]))+(+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![])+(!+[]+(!![])+!![])+(!+[]+(!![])+!![]+!![]+!![])+(+!!

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