With the expiration of an $8.4 billion play for the Cogeco group, investors are asking what’s next for rival Rogers Communications Inc.
Rogers, Canada’s no. 3 cable and wireless firm by market value, teamed up with Altice USA Inc. to launch a hostile takeover bid for Quebec-based Cogeco Inc. and subsidiary Cogeco Communications Inc. When the controlling Audet family rejected the offer, they upped the price -- but the family stood firm and wouldn’t negotiate. The offer runs out today.