Canada's Cogeco 'definitively' rejects Altice takeover bid

Toronto (Canada) (AFP) – Canadian telecom giant Cogeco on Sunday definitively rejected an increased takeover bid from Altice USA, citing the company’s “enviable” market position and continued profitability under current ownership.Just hours after Altice USA announced it had upped its purchase offer, Cogeco’s controlling shareholder — Montreal’s Audet family — released a statement saying they “unanimously reject this further proposal.””We are not interested in selling our shares,” said Gestion Audem president Louis Audet in the statement. “This is not a negotiating strategy, but a definitive …

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