NEW YORK and TORONTO – Despite the utter rejection of its bid to buy Cogeco Inc. and Cogeco Cable Wednesday, suitors Altice USA and Rogers Communications issued a release Thursday indicating they will continue to push for the acquisition, saying the $10.3 billion offer is more than fair.
“We strongly believe that we presented a very attractive offer – one that would reward all Cogeco shareholders with a significant premium – and we stand by that offer. We remain committed to pursuing this transaction and are open to engaging with shareholders and the boards in a constructive dialogue.”
