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Increased offer for Cogeco rejected by Audet family

Briefs | 10/19/2020 5:00 pm EDT

Rogers Communications Inc. and Altice USA Inc. upped their offer in a joint takeover bid of Cogeco Inc. from $10.3 billion to $11 billion over weekend, a bid that was rejected by the controlling shareholder of the company, the Audet family. 

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