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Cogeco Cable To Acquire PEER 1 Network Enterprises

Cogeco Cable has announced plans to PEER 1 Network Enterprises,  PEER 1 shareholders will receive $3.85 in cash per share valuing PEER 1’s equity at approximately $526 million on a fully diluted basis and its enterprise value at approximately $635 million.  PEER 1 offers managed hosting, dedicated servers, cloud services and colocation.

The deal will be subject to final approval from the Board of Director of Peer 1.