Altice

Gestion Audem Rejects Second Unsolicited Proposal From Rogers and Altice

Monday, October 19, 2020 - 1:28am

MONTRAL, Oct. 18, 2020 /PRNewswire/ -Gestion Audem, the Audet family holding company, has been made aware of the second hostile proposal from Rogers Communications Inc. and Altice USA, Inc. to purchase all the shares of Cogeco Inc. (TSX: CGO) and Cogeco Communications Inc. (TSX: CCA) (collectively, the "Corporations").

Key Points: 
  • MONTRAL, Oct. 18, 2020 /PRNewswire/ -Gestion Audem, the Audet family holding company, has been made aware of the second hostile proposal from Rogers Communications Inc. and Altice USA, Inc. to purchase all the shares of Cogeco Inc. (TSX: CGO) and Cogeco Communications Inc. (TSX: CCA) (collectively, the "Corporations").
  • "As we did on September 2nd, 2020, following the announcement of their first unsolicited proposal, members of the Audet family unanimously reject this further proposal.
  • Since this is apparently not registering with Rogers and Altice, we repeat today that this is not a negotiating strategy, but a definitive refusal.
  • The Audet family regrets that Rogers' capital allocation decision is causing the Rogers family and Board such anguish," said Louis Audet, President of Gestion Audem.

Altice USA, Inc. Presents Revised and Enhanced Offer to Acquire Cogeco in Order to own Atlantic Broadband

Sunday, October 18, 2020 - 10:45pm

Upon completion of the overall transaction, Altice USA would own all the U.S. assets (Atlantic Broadband) of Cogeco, and Rogers would own the Canadian assets.

Key Points: 
  • Upon completion of the overall transaction, Altice USA would own all the U.S. assets (Atlantic Broadband) of Cogeco, and Rogers would own the Canadian assets.
  • This revised offer is in line with Altice USAs previously stated objective to opportunistically grow through value-accretive acquisitions.
  • As part of Altice USA, Atlantic Broadband would benefit from enhanced scale, operating efficiencies and further investment support that are at the core of the Altice business model and strategy.
  • The transaction proposed by Altice USA would be subject to court approval, as well as Cogeco boards and shareholder approval.

Altice USA, Inc. Presents Revised and Enhanced Offer to Acquire Cogeco in Order to Own Atlantic Broadband

Sunday, October 18, 2020 - 10:45pm

Altice USA, Inc. (Altice USA) (NYSE: ATUS) announces that it has presented a revised and enhanced offer to Cogeco Inc. (CGO) and Cogeco Communications Inc. (CCA, together with CGO, Cogeco) to acquire 100% of the issued and outstanding shares of Cogeco.

Key Points: 
  • Altice USA, Inc. (Altice USA) (NYSE: ATUS) announces that it has presented a revised and enhanced offer to Cogeco Inc. (CGO) and Cogeco Communications Inc. (CCA, together with CGO, Cogeco) to acquire 100% of the issued and outstanding shares of Cogeco.
  • Upon completion of the overall transaction, Altice USA would own all the U.S. assets (Atlantic Broadband) of Cogeco, and Rogers would own the Canadian assets.
  • This revised offer is in line with Altice USAs previously stated objective to opportunistically grow through value-accretive acquisitions.
  • Altice USA also offers hyper-local, national, international and business news through its News 12, Cheddar
    1 Including an offer for CDPQs 21% stake in Cogecos Atlantic Broadband subsidiary.

Innovative Business Solutions Named Visionary Master Agent of the Year at 2020 Virtual Cable Awards

Thursday, October 8, 2020 - 11:10am

CASTLE ROCK, Colo., Oct. 8, 2020 /PRNewswire-PRWeb/ -- Innovative Business Solutions , a cable-first master agency and creator of groundbreaking cable serviceability tool CableFinder.net , was recently named Visionary Master Agent of the Year at the 2020 Virtual Cable Awards.

Key Points: 
  • CASTLE ROCK, Colo., Oct. 8, 2020 /PRNewswire-PRWeb/ -- Innovative Business Solutions , a cable-first master agency and creator of groundbreaking cable serviceability tool CableFinder.net , was recently named Visionary Master Agent of the Year at the 2020 Virtual Cable Awards.
  • Participating multiple system operators (MSOs) included Comcast Business, Cox Business, Spectrum Business, Mediacom, Shaw, and Altice.
  • Forming direct partnerships with leading cable companies such as Comcast Business and Spectrum Business, Innovative has built a cable-first approach.
  • To learn more about Innovate Business Solutions, visit: https://innovative-business.net/
    To learn more about CableFinder, visit: https://cablefinder.net/
    Find Innovative Business Solutions on social media:

Altice USA to Hold Conference Call to Discuss Q3 2020 Results

Tuesday, October 6, 2020 - 1:30pm

Altice USA (NYSE: ATUS) will host a conference call on Thursday, October 29, 2020 at 4:30 p.m. EDT to discuss financial and operating results for the third quarter ended September 30, 2020.

Key Points: 
  • Altice USA (NYSE: ATUS) will host a conference call on Thursday, October 29, 2020 at 4:30 p.m. EDT to discuss financial and operating results for the third quarter ended September 30, 2020.
  • Click here for a company-complied summary of the consensus estimates for Altice USA results.
  • The presentation for the conference call will be made available prior to the call on the companys investor relations website: https://investors.alticeusa.com .
  • Altice USA also offers hyper-local, national, international and business news through its News 12, Cheddar and i24NEWS networks.

Completion of Contribution of Altice Europe Shares by Next Alt to Its Wholly-owned Subsidiary Next Private

Saturday, September 26, 2020 - 4:23pm

Under the terms of the Contribution Agreement, Next Alt agreed to make a share premium contribution to Next Private (the "Contribution") consisting of 189,526,447 common shares A and 167,660,043 common shares B in the capital of Altice Europe held by Next Alt (the "Contribution Shares").

Key Points: 
  • Under the terms of the Contribution Agreement, Next Alt agreed to make a share premium contribution to Next Private (the "Contribution") consisting of 189,526,447 common shares A and 167,660,043 common shares B in the capital of Altice Europe held by Next Alt (the "Contribution Shares").
  • To complete the Contribution, Next Alt transferred the legal title to the Contribution Shares to Next Private on 25 September 2020.
  • Next Private has neither issued any shares in its capital nor paid any consideration in exchange for the Contribution.
  • On the date hereof:
    Next Private holds 189,526,447 common shares A and 167,660,043 common shares B in the capital of Altice Europe, representing approximately 73.70% of Altice Europe's issued share capital; and
    Next Alt holds, directly and indirectly other than through its wholly-owned subsidiary Next Private, 231,938,465 common shares A in the capital of Altice Europe, representing approximately 3.90% of Altice Europe's issued share capital.

Altice USA to Participate in Upcoming Goldman Sachs Conference

Thursday, September 10, 2020 - 9:15pm

Altice USA (NYSE: ATUS) today announces that Dexter Goei, CEO will participate in the upcoming 29th Annual Goldman Sachs Communacopia conference on Tuesday, September 15, 2020, which will be held virtually.

Key Points: 
  • Altice USA (NYSE: ATUS) today announces that Dexter Goei, CEO will participate in the upcoming 29th Annual Goldman Sachs Communacopia conference on Tuesday, September 15, 2020, which will be held virtually.
  • The Goldman Sachs presentation is scheduled to begin at 12:25pm EDT.
  • To listen to a live webcast, please visit: link .
  • Altice USA (NYSE: ATUS) is one of the largest broadband communications and video services providers in the United States, delivering broadband, pay television, telephony services, proprietary content and advertising services to more than 4.9 million Residential and Business customers across 21 states through its Optimum and Suddenlink brands.

Altice USA to Participate in Upcoming Bank of America Conference

Friday, September 4, 2020 - 9:15pm

Altice USA (NYSE: ATUS) today announces that Dexter Goei, CEO and Mike Grau, CFO will participate in the upcoming Bank of America Securities 2020 Media, Communications and Entertainment Conference on Wednesday, September 9, 2020.

Key Points: 
  • Altice USA (NYSE: ATUS) today announces that Dexter Goei, CEO and Mike Grau, CFO will participate in the upcoming Bank of America Securities 2020 Media, Communications and Entertainment Conference on Wednesday, September 9, 2020.
  • The presentation is scheduled to begin at 3:20pm EDT.
  • To listen to a live webcast, please visit: link .
  • Altice USA (NYSE: ATUS) is one of the largest broadband communications and video services providers in the United States, delivering broadband, pay television, telephony services, proprietary content and advertising services to more than 4.9 million Residential and Business customers across 21 states through its Optimum and Suddenlink brands.

Altice USA, Inc. and Rogers Communications Provide Statement on Cogeco’s Response to Acquisition Offer

Thursday, September 3, 2020 - 10:42pm

Upon completion of the overall transaction, Altice USA would own all the U.S. assets of Cogeco, namely Atlantic Broadband.

Key Points: 
  • Upon completion of the overall transaction, Altice USA would own all the U.S. assets of Cogeco, namely Atlantic Broadband.
  • Altice USA and Rogers provide the following comment:
    We strongly believe that we presented a very attractive offer one that would reward all Cogeco shareholders with a significant premium and we stand by that offer.
  • Neither Altice USA nor Rogers intend to disclose developments with respect to the offer unless it determines that disclosure is necessary or appropriate.
  • Through Rogers Sports & Media, we are engaged in radio and television broadcasting, sports, televised and online shopping, and digital media.

Rogers Communications confirms agreement with Altice USA to purchase Canadian assets of Cogeco

Wednesday, September 2, 2020 - 2:20pm

TORONTO, Sept. 02, 2020 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (Rogers) today confirmed its agreement with Altice USA, Inc. (Altice USA) (NYSE: ATUS) to purchase all of the Canadian assets of Cogeco Inc. (CGO) and Cogeco Communications Inc. (CCA, together with CGO, Cogeco) for a net purchase price of approximately $4.9 billion.

Key Points: 
  • TORONTO, Sept. 02, 2020 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (Rogers) today confirmed its agreement with Altice USA, Inc. (Altice USA) (NYSE: ATUS) to purchase all of the Canadian assets of Cogeco Inc. (CGO) and Cogeco Communications Inc. (CCA, together with CGO, Cogeco) for a net purchase price of approximately $4.9 billion.
  • As the largest long-term shareholder of Cogeco, Rogers is supportive of the value being created for all shareholders with the significant premium in the Altice USA offer.
  • Under the terms of the agreement with Altice USA, Rogers will be entitled to receive the premium offered by Altice USA to all subordinate voting shareholders.
  • Anthony Staffieri, CFO of Rogers Communications,said: Rogers is fully supportive of the significant value being surfaced for all shareholders through the Altice USA offer.