Brief: Altice USA Presents Offer To Acquire Cogeco In Order To Own Atlantic Broadband

COGECO

02/09/2020 14:28

Sept 2 (Reuters) - Altice USA Inc  ATUS.N :
    * ALTICE USA, INC. PRESENTS OFFER TO ACQUIRE COGECO IN ORDER
TO
OWN ATLANTIC BROADBAND
    * ALTICE USA, INC. PRESENTS OFFER TO ACQUIRE COGECO IN ORDER
TO
OWN ATLANTIC BROADBAND
    * ALTICE USA INC - ALTICE USA TO SELL CANADIAN ASSETS TO
ROGERS
COMMUNICATIONS
    * ALTICE USA - ALL-CASH CONSIDERATION OFFERED FOR ALL OF
OUTSTANDING SHARES OF CGO AND CCA, INCLUDING THOSE OWNED BY
ROGERS, IS APPROXIMATELY C$10.3 BILLION
    * ALTICE USA - UPON COMPLETION OF OVERALL DEAL, ALTICE USA
WOULD
OWN ALL U.S. ASSETS OF COGECO, NAMELY ATLANTIC BROADBAND
    * ALTICE USA - DEAL OFFER INCLUDES C$800 MILLION TO AUDET
FAMILY
FOR THEIR OWNERSHIP INTERESTS IN COGECO
    * ALTICE USA- ENTERED INTO ARRANGEMENT TO SELL ALL CANADIAN
ASSETS
OF COGECO TO ROGERS COMMUNICATIONS, IF ITS TRANSACTION WITH
COGECO IS COMPLETED
    * ALTICE USA - OFFER ALSO INCLUDES C$106.53 PER SHARE FOR
REMAINING CGO SVS & C$134.22 PER SHARE FOR EACH CCA SUBORDINATE
VOTING SHARE
    * ALTICE USA- SHARE REPURCHASE AND NET LEVERAGE TARGETS FOR
2020
REMAIN UNCHANGED FROM THE TRANSACTION

Source text for Eikon:  ID:nBw4LkV2Ga 
Further company coverage:  ATUS.N 

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