Updated: December 20, 2012 11:32 PM | By The Canadian Press, thecanadianpress.com

Cogeco to buy PEER 1 Network Enterprises

MONTREAL - Cogeco Cable Inc. (TSX:CCA) says it plans to acquire Internet infrastructure provider PEER 1 Network Enterprises Inc. (TSX:PIX) in a friendly takeover that will offer PEER 1 shareholders $3.85 in cash per share. Cogeco says the offer values PEER 1's equity at about $526 million.


MONTREAL - Cogeco Cable Inc. (TSX:CCA) says it plans to acquire Internet infrastructure provider PEER 1 Network Enterprises Inc. (TSX:PIX) in a friendly takeover that will offer PEER 1 shareholders $3.85 in cash per share. Cogeco says the offer values PEER 1's equity at about $526 million.

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