Cogeco is the second largest cable operator in Ontario and Quebec through its Cogeco Connexion subsidiary.
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The share price of Cogeco has jumped 17%, although this is still 15% below the value of Altice’s bid. The current price is 71% above where we initially recommended buying Cogeco, although below the all-time high of $107.88 which was reached last year. The chance of the Audet family being unwilling to sell or the Quebec government blocking the merger is sufficiently great to make it worth taking our profits now. - Gavin Graham
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