Cogeco Communications drops after La Caisse sells part of stake
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.
Source: businessinsider The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments