The Cosmos Group will not submit a higher offer for the acquisition of
Cossette
Commented Francois Duffar, Chairman and CEO of Cosmos Capital: "Though the process lasted longer than expected and the result was not the one we had hoped for, we are convinced that it will be beneficial for Cossette's shareholders, customers and partners, as well as for its talented employees. They can now focus their efforts on helping the company regain the position it deserves. We wish our former colleagues much success with the company and with their business association with Mill Road."
François Duffar concluded: "Georges Morin joins me in thanking the investors who supported us well as our financial partners, HIG Private Equity, and our financial and legal advisors, Genuity Capital Markets, Torys LLP and McCarthy Tétrault."
About Cosmos Capital Inc.
Cosmos Capital is a company incorporated in Québec. Its investors include two of Cossette's founding partners - François Duffar, former Vice-Chair and President of Cossette and Georges Morin, former Senior Vice President of Cossette -
For further information: Sylvia Morin, Cosmos Group, (514) 240-3841, [email protected]
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