Rogers intéressé à Cogeco

Divers articles où on mentionne que Rogers est intéressé à acheter Cogeco.
https://www.lapresse.ca/affaires/entreprises/2020-09-03/pourquoi-rogers-lorgne-les-actifs-de-cogeco.php
https://www.journaldemontreal.com/2020/09/02/rogers-fera-une-offre-dachat-hostile-pour-acquerir-cogeco
https://ici.radio-canada.ca/nouvelle/1730874/altice-usa-cogeco-offre-publique-achat
https://www.lesaffaires.com/bourse/nouvelles-economiques/altice-usa-fait-une-offre-publique-d-achat-pour-cogeco/619575

Fagstein a aussi posté un billet sur le sujet. 
https://blog.fagstein.com/2020/09/02/rogers-cogeco-offer/

Rogers offers to buy Cogeco — what it means

Today, we learned Canada’s already concentrated telecom/media industry could soon become even more concentrated: Rogers has teamed up with American cable company Altice USA to make an unsolicited $10.3-billion offer for all of Cogeco’s assets. As part of the deal, Altice would take over Cogeco’s U.S. assets (Atlantic Broadband) and Rogers would take over the Canadian assets (Cogeco Connexion and Cogeco Media) for a net purchase price of $4.9 billion.
Rogers already owns a significant part of the two companies that make up Cogeco, via subordinate voting shares (41% of Cogeco Inc. and 33% of Cogeco Communications).
But both companies are controlled by the Audet family — Henri Audet founded the company more than 60 years ago — and the family has announced that it will not support the bid. Meanwhile, Quebec premier François Legault says he will do whatever is in his power to prevent Quebec from losing another corporate headquarters. But it’s unclear what powers he would have in this case.

Remember Videotron?

If Quebec does decide to step in somehow, this would make the second time it has intervened in a sale of a major cable company to Rogers. In 2000, Rogers came to an agreement to buy Videotron from the Chagnon family. But for similar reasons, the government stepped in and the Caisse de dépôt partnered with Quebecor to present a competing bid that was eventually accepted.
That deal had significant consequences for the media and telecom sphere in Quebec. Videotron became Quebecor’s main source of income as legacy media outlets faded, and now Videotron and Rogers compete for wireless customers, giving Quebec lower wireless rates than other large provinces.
Without Videotron, it’s clear that Quebecor would not be the same company it is now. Not only would it not own the cable company, but it wouldn’t have owned TVA either, since TVA was owned by Videotron at the time. Quebecor would have kept TQS, and either invested enough to improve it or seen it decline along with its other media assets.
(TQS was sold to a partnership between Cogeco and Bell, with Cogeco having the controlling interest. It eventually went bankrupt, was sold to Remstar, and just recently sold again to Bell.)
The Caisse/Quebecor deal didn’t work out so great for the public pension fund. Various analyses of the deal have shown that while the Caisse made money over the years, it would have done much better just putting it into the market.