Rogers Communications Inc. is set to buy 3,200,000 subordinate voting shares of Cogeco Cable Inc. and 1,623,500 subordinate voting shares of Cogeco Inc. However the move will depend on agreements with third parties, the company announced. The subordinate voting shares of Cogeco Cable Inc. will be bought at a cash purchase price, minus commissions of $36.43, for a sum total of $116.6 million. For Cogeco Inc., the shares—at cash purchase price, excluding commissions of $28.61—amounts to $$46.4 million. Rogers says it is buying the shares for investment purposes, and not to take ownership of the Cogeco subsidiaries. “RCI has no current intention of acquiring ownership of or control or direction over any additional Cogeco Inc. or Cogeco Cable Inc. shares but reserves the right to acquire additional shares of Cogeco Inc. or Cogeco Cable Inc., to sell all or any portion of its holding of such shares or to enter into derivative or other transactions with respect to the shares owned by it,” said Rogers in a statement. The purchase means Rogers will now own 29.8% of subordinate voting shares of Cogeco Cable Inc.—about 20.2% of its equity. For Cogeco Inc., the move means Rogers will own 33.6% of its subordinate voting shares, which translates into 29.9% of its equity.