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Cossette Receives Acquisition Offer from Cosmos Capital Group

By Dave Forde on July 21st, 2009

Quebec-based Cossette Inc has received an offer from Cosmos Capital Group to acquire all outstanding subordinate voting shares of the Company at a price of $4.95 per share (52% more than the stock’s more recent closting price).  The private equity fund controlled by François Duffar who is a former Vice-Chair and President of Cossette, and also includes Georges Morin, former Senior Vice-President at Cossette. Duffar resigned from Cossette yesterday after beign with the agency for the last 35 years.

Cossette has approximately 1,485 employees and offices in Quebec City, Montreal, Toronto, Vancouver, Halifax, New York, Irvine, Los Angeles, London and Shanghai. The agency includes a public relations division called Optimum Public Relations.

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Dave Forde is Founder of Profectio of busienss sites which includes Profectio, PR In Canada and Clean Tech Corner. He is also Founder of Toronto Tech Week. Follow Dave on Twitter or Facebook
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