Cogeco supported by Trois-Rivières and Burlington
Trois-Rivières and Burlington, which house Cogeco's operational headquarters in Quebec and Ontario, line up behind the strategy of the Quebec company, which rejected the unsolicited offer from Altice USA and Rogers.
Share September 21, 2020 11:35 a.m. Updated at 11:25 p.m. Share Cogeco supported by Trois-Rivières and Burlington The Canadian Press Trois-Rivières and Burlington, which house Cogeco's operational headquarters in Quebec and Ontario, where several hundred people work, are fall behind the strategy of the Quebec company, which rejected the unsolicited offer from Altice USA and Rogers.
The Quebec municipality even went so far as to write a letter to the federal Minister of Innovation, Navdeep Bains, in which it “denounces” the offensive of the two companies, which wish to get their hands on Cogeco and Cogeco Communications and then s' share its assets in Canada and the United States.
In Burlington, where the Quebec company has more than 1,000 employees, Mayor Meed Ward said last week that Cogeco had offered “major opportunities” for the local workforce.
In a statement last Friday, the mayor of Trois-Rivières, Jean Lamarche, stressed that the “negotiations undergone” the family business “seriously threaten the structuring and mobilizing contribution of this company”.
Cogeco's head office and its main subsidiary are located in Montreal. In Trois-Rivières, where the company has more than 550 employees, and in Burlington, there are workers assigned to customer service and technical support.
Altice USA has Atlantic Broadband, the American division of Cogeco, in its sights. The American company would then have sold to Rogers, for approximately $ 4.9 billion, the Canadian activities of the Quebec company.
The Audet family, which controls Cogeco and Cogeco Communications through its multiple voting shares, has refused to sell since the proposal was made public on September 2.