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Cogeco Cable Inc's Indirect Wholly-Owned Subsidiary Announces Completion of Acquisition


Wednesday, 3 Apr 2013 03:12pm EDT 

Cogeco Cable Inc and Peer 1 Network Enterprises, Inc. (PEER 1) announced that 0957926 B.C. Ltd., an indirect wholly-owned subsidiary of Cogeco Cable, has completed its compulsory acquisition of all of the remaining outstanding common shares of PEER 1 (the Common Shares), at a price of $3.85 in cash per Common Share, pursuant to the notice of compulsory acquisition made under Section 300 of the Business Corporations Act (British Columbia), and now owns 100% of the outstanding Common Shares. In addition, PEER 1 announced that the Common Shares have been delisted from the Toronto Stock Exchange as of the close of business (Toronto time) on March 28, 2013. PEER 1 also announced that PEER 1 has applied to the relevant securities commissions to cease to be a reporting issuer in all applicable jurisdictions.