Cogeco Communications (CCA:CA) shares dropped 6.3% following La Caisse's announcement to sell nearly 11% of its subordinate shares at C$67.45 each. This sale, part of La Caisse's portfolio rebalancing, is expected to yield approximately $229 million, although La Caisse will continue to be the largest shareholder in Cogeco.
Cogeco Communications drops after La Caisse sells part of stake
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