Posted on 08/08/09
Cosmos threatens to walk from Cossette offer
Cosmos Capital Inc. has threatened to abandon its bid to purchase Cossette Inc. unless it's given access to the communication company's books. The group lead by former Cossette partners decried the senior management team's "lackadaisical response" to its July 20 offer which values the firm at $82.7-million. It set an Aug. 17 ultimatum to gain initial access to the company's data room to conduct due diligence.
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