QUÉBEC CITY, Nov. 18 /CNW Telbec/ - Cossette Inc. ("Cossette") indicated today that its Board of Directors will review the amended offer announced by Cosmos Capital Inc. ("Cosmos") on November 17, 2009 once it has been filed by Cosmos with the Canadian provincial securities regulatory authorities. At that time, Cossette's Board of Directors will determine any action that may be required in accordance with its fiduciary duties under applicable laws while continuing to comply with the obligations of Cossette pursuant to the merger agreement dated November 9, 2009 between Cossette, Mill Road Capital, L.P. and 9209-6841 Québec Inc.
Shareholders will be promptly notified of any recommendation by the Board of Directors through a news release and amended circular in accordance with applicable securities laws. Until such time, Cossette will provide no further comments in this regard. Cossette recommends that its shareholders defer making any decision until its Board of Directors has had an opportunity to fully review Cosmos' amended offer.
Cossette Inc. offers a full range of leading-edge communication services to clients of all sizes, including some of the most prestigious brands in the world. A customer-driven organization built around highly specialized business units, Cossette also offers Convergent Communications(TM), a unique working method that brings added value to the client by integrating various services offered by the Group, including strategic planning and research, advertising, media buying and channel planning, sales promotion, direct response, database and direct marketing, customer relationship management, interactive marketing and technology solutions, public relations, organizational communication and change management, sponsorship and alliance marketing, branding and design, ethnic marketing, business-to-business communications (B2B practices) and print and video production. Cossette has approximately 1,437 employees and offices in Quebec City, Montreal, Toronto, Vancouver, Halifax, New York, Irvine, Los Angeles, London and Shanghai.
SOURCE COSSETTE INC.
For further information: For further information: Financial Analysts only: Martin Faucher, Vice-President and Chief Financial Officer, (418) 521-3784; Investors: Francis Trudeau, Director, Acquisitions and Investor Relations, (514) 282-4633; Medias: Sylvie Isabelle, Optimum Public Relations, (418) 521-3184; Source: Cossette Inc., www.cossette.com