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Cogeco CEO Louis Audet.
Cogeco CEO Louis Audet.
(GRAHAM HUGHES/THE CANADIAN PRESS)

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Cogeco not for sale? Not for long

Cogeco Inc. CEO Louis Audet has long ruled out a sale of his company, least of all to Rogers Communications Inc., which has long coveted its cable assets and owns a substantial minority stake in the stock. Two recent events suggest that position could change.

First is the passing of his father Henri Audet in November, at age 94. The second is an asset swap earlier this week that saw ownership of Hamilton-area cable firm Mountain Cablevision Ltd. pass to Rogers from Shaw Communications.