Gestion Audem completes secondary offering by way of private placement
Date Closed
May 21, 2013
Lead Office
Montréal
On May 21, 2013, Gestion Audem Inc. completed the sale of 432,270 subordinate voting shares on a private placement basis. The transaction does not alter the control of COGECO and, after giving effect to this transaction, Gestion Audem will retain control and ownership over 1,809,660 multiple voting shares and 509,810 subordinate voting shares of COGECO, representing in aggregate 70.8% of the voting rights associated with all shares of COGECO (relative to 71.6% of the voting rights prior to the transaction).
COGECO, headquartered in Montréal, Québec, is a diversified communications corporation.
McCarthy Tétrault LLP represented National Bank Financial, the sole underwriter, with a team led by Patrick Boucher.