Altice USA, led by CEO Dexter Goei, on Wednesday unveiled a $7.8 billion offer to acquire Canadian cable giant Cogeco Co. with the goal of keeping its U.S.
assets, which operate under the name Atlantic Broadband, for $3.6 billion. As part of the cross-border deal, Altice USA has offered to sell Cogeco's Canadian cable TV business, controlled by Quebec's Audet family, to rival Rogers Communications.
But Cogeco was quick to reject the unsolicited offer from Altice USA and Rogers Communications that it received late Tuesday. "The non-binding proposal of Altice USA and Rogers Communications, which was pre-emptively announced today by Altice and Rogers, has been reviewed by Gestion Audem Inc., a company controlled by the members of the Audet.
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