Cogeco Majority Investor Makes ‘Definitive’ Rejection of Altice

Deal refusal is not a negotiation position: Louis Audet
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Louis Audet.
Photographer: Christinne Muschi/Bloomberg

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By Divya Balji

September 7, 2020 at 9:10 PM UTC

Updated on

September 8, 2020 at 12:44 PM UTC

This article is for subscribers only.

Cogeco Inc.’s controlling family reiterated its rejection of a plan by Altice USA to acquire the business for $7.8 billion.

Louis Audet, the designated representative of the Audet family, said that the controlling shares the family holds of Cogeco and indirectly of Cogeco Communications Inc. are not for sale.