MONTREAL, Sept. 2, 2020 /PRNewswire/ - Gestion Audem, the
Audet family holding company, has been made aware of the
unsolicited, non-binding proposal from Altice USA and Rogers Communications Inc. to purchase
all shares of Cogeco Inc. (TSX: CGO) and Cogeco Communications Inc.
(TSX: CCA) (collectively, the "Corporations").
"Members of the Audet family unanimously reiterated that they
are not interested in selling their shares. The family takes pride
in its stewardship role in both companies, offering high-quality
services to its customers, enriching the communities in which they
operate and creating superior returns for shareholders through
sound growth strategies," stated Louis
Audet, president of Gestion Audem Inc.
Gestion Audem is a company that is controlled by the members of
the Audet family and holds 69% of all voting rights of Cogeco Inc.,
which in turn controls 82.9% of all voting rights of Cogeco
Communications Inc.
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SOURCE Gestion Audem