Altice and Rogers got rejected again up in Canada this week. Last week it was revealed that they had made a second unsolicited bid for Cogeco, following up on an earlier attempt. This time, like last time, was torpedoed by Cogeco’s board, backed by its majority shareholders of the Audet family. According to Louis Audet, the rejection is “not a negotiating strategy, but a definitive refusal. We are not interested in selling our shares.” I wonder if they’ll try again.
