Cogeco Cable Inc, the main unit of media and telecom company Cogeco Inc, said it would purchase PEER 1 Network Enterprises Inc for about C$526 million ($532 million) to expand its cloud computing and data hosting services.Montreal-based Cogeco Cable, which provides cable-TV, high-speed internet and telephone services, offered C$3.85 for each PEER 1 share. The offer is at a premium of 30.5 percent to PEER 1 stock's Thursday close.Cogeco Cable said it would add 19 PEER 1 data centres to the six it operates.Cogeco Cable's data hosting business is expected to rise 10 percent per year organically, the company said in its annual report earlier this year.
Cogeco Cable, Inc. is a Canada-based Company, which provides diversified communications services. Shares of CCA remained unchanged at $40.97. In the past year, the shares have traded as low as $34.45 and as high as $54.28. On average, 48291 shares of CCA.TO exchange hands on a given day and today's volume is recorded at 0.
COGECO Inc. is a diversified communications company, engaged in cable television, high speed Internet (HSI), telephony and other telecommunications services to its residential and commercial customers in Canada and in Portugal through Cogeco Cable Inc. Shares of CGO remained unchanged at $33.52. In the past year, the shares have traded as low as $30.51 and as high as $54.49. On average, 14508 shares of CGO.TO exchange hands on a given day and today's volume is recorded at 0.
Peer 1 Network Enterprises, Inc. is a Internet infrastructure provider, delivering managed, colocation and network services through 17 data centers located in 14 cities across North America and the United Kingdom, all connected together by its own Internet Protocol (IP) backbone network. Shares of PIX remained unchanged at $2.95. In the past year, the shares have traded as low as $1.65 and as high as $3.06. On average, 74723 shares of PIX.TO exchange hands on a given day and today's volume is recorded at 0.
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