Brief: CDPQ Purchases All Shares In Cogeco And Cogeco Communications Held By Rogers

Cogeco Communications

11/12/2023 22:42

Dec 11 (Reuters) - Cogeco Communications Inc  CCA.TO :
    * CDPQ PURCHASES ALL SHARES IN COGECO AND COGECO
COMMUNICATIONS
HELD BY ROGERS
    * COGECO COMMUNICATIONS INC - COGECO WILL REPURCHASE FOR
CANCELLATION ABOUT 6 MILLION OF COGECO SUBORDINATE VOTING SHARES
FROM CDPQ
    * COGECO COMMUNICATIONS - CDPQ TO BECOME ANCHOR INVESTOR IN
CO AS
PART OF SALE BY ROGERS COMMUNICATIONS OF ENTIRETY OF HOLDINGS IN
COGECO, CO
    * COGECO COMMUNICATIONS INC - COGECO COMMUNICATIONS WILL
REPURCHASE FOR CANCELLATION 2.3 MILLION COGECO COMMUNICATIONS
SUBORDINATE VOTING SHARES FROM COGECO
    * COGECO COMMUNICATIONS - PURCHASE PRICE IN ALL TRANSACTIONS
FOR
EACH CGO SVS WAS SET AT $46.91 AND PURCHASE PRICE FOR EACH CCA
SVS WAS SET AT $51.40
    * COGECO COMMUNICATIONS INC - CDPQ WILL CONCURRENTLY SELL
CCA SVS
THROUGH BOUGHT BLOCK TRADE

Source text for Eikon:  ID:nGNX3Zs73t 
Further company coverage:  CCA.TO 

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