Home Page News Briefs People Media Telecom Archives About Us
Advertising Subscribe Reuse & Permissions
The Hill Times Parliament Now The Lobby Monitor HTCareers Classifieds

CCR Short Takes

News | 03/13/2003 5:00 am EST

Rogers ups stake in Cogeco
Rogers Communications Inc. announced March 6 that it had reached an agreement to buy three million subordinate voting shares of Cogeco Cable Inc. from a third party, spurring talk of a possible takeover. The purchase increases Rogers’ share in Cogeco to 18% of all classes of common shares from 11%. The shares were acquired from a group of investors unaffiliated with the Cogeco group in exchange for 2.7 million Rogers class B non-voting shares. Rogers noted in a media release that the purchase was made for investment purposes and that it had "no current intention of acquiring ownership of or control or direction over any additional shares of Cogeco Cable." The Audet family owns 17% of parent Cogeco Inc. and holds 72% of the votes.

To keep reading, get a free trial.

Already a Subscriber?

Reuse & Permissions

Unauthorized distribution, transmission, reuse or republication of any and all content is strictly prohibited. To discuss re-use of this material, please contact:

Customer Care, 613-688-8821 | subscriptions@hilltimes.com