Brief: Rogers Communications Confirms Agreement With Altice USA To Purchase Canadian Assets Of Cogeco

COGECO

02/09/2020 14:29

Sept 2 (Reuters) - Rogers Communications Inc  RCIb.TO :
    * ROGERS COMMUNICATIONS CONFIRMS AGREEMENT WITH ALTICE USA
TO
PURCHASE CANADIAN ASSETS OF COGECO
    * ROGERS COMMUNICATIONS INC - AGREEMENT CONDITIONAL UPON
SUCCESSFUL ACQUISITION OF COGECO BY ALTICE USA
    * ROGERS COMMUNICATIONS -  CONFIRMED AGREEMENT WITH ALTICE
USA TO
BUY CANADIAN ASSETS OF COGECO INC, COGECO COMMUNICATIONS FOR 
APPROXIMATELY $4.9 BILLION
    * ROGERS COMMUNICATIONS INC - CURRENTLY OWNS 41% OF
OUTSTANDING
CGO SUBORDINATE VOTING SHARES AND 33% OF OUTSTANDING CCA
SUBORDINATE VOTING SHARES
    * ROGERS - DEAL CONSIDERATION TO BE PAID BY CO, NET OF VALUE
OF
CCA & CGO SHARES WE CURRENTLY HOLD TO BE FULLY FINANCED USING
EXISTING AVAILABLE LIQUIDITY
    * ROGERS COMMUNICATIONS - CONSIDERATION TO BE PAID BY
ROGERS, NET
OF VALUE OF CCA, CGO SHARES, WILL BE FULLY FINANCED USING
EXISTING AVAILABLE LIQUIDITY
    * ROGERS COMMUNICATIONS - DO NOT ANTICIPATE ANY NEED TO
ISSUE
EQUITY AS A RESULT OF DEAL, CURRENT DIVIDEND OF $2.00 PER SHARE
IS MAINTAINED

Source text for Eikon:  ID:nGNX9BpDXm 
Further company coverage:  RCIb.TO 

 ((Reuters.Briefs@thomsonreuters.com;))