Sirois telecom eyes Coscient

$7.5 million deal set to close July 2

MONTREAL — Charles Sirois, one of Canada’s top telecommunications execs, has made a bid to take over Montreal-based Coscient Group, Quebec’s leading TV producer and the third-largest production outfit in Canada.

Sirois’ Telesystem Intl. Wireless announced Friday that two Coscient executives, vice-chairman Laurent Gaudreau and president Richard Laferriere, have accepted an offer to sell all 2.4 million of their Coscient class-A shares to Corporation Financiere Telesysteme, a division of Sirois’ holding company. The deal is worth C$10.9 million ($7.5 million), with the Coscient shares priced at $3.16 per share.

Gaudreau and Laferriere, who founded Coscient 20 years ago, control approximately 28% of its voting stock, while CEO Yves Moquin has a 22% voting stake.

It is widely known in the financial community that Moquin, who came on board in 1993, and Laferriere do not see eye to eye on the running of the company. According to a Telesystem press release issued Friday, both Gaudreau and Laferriere would retain their positions after the sale goes through. The closing of the deal is scheduled for July 2 and can be postponed to Aug. 1.

More Biz

  • Sundance 2018 Preview Indie Film World

    Sundance: Changing of the Guard Opens Door for Forward-Thinking Players

    MONTREAL — Charles Sirois, one of Canada’s top telecommunications execs, has made a bid to take over Montreal-based Coscient Group, Quebec’s leading TV producer and the third-largest production outfit in Canada. Sirois’ Telesystem Intl. Wireless announced Friday that two Coscient executives, vice-chairman Laurent Gaudreau and president Richard Laferriere, have accepted an offer to sell all […]

  • Tony Vinciquerra NATPE

    Sony Pictures Chief: Studio Needs to Grow or 'We'll Be Somebody's Purchase'

    MONTREAL — Charles Sirois, one of Canada’s top telecommunications execs, has made a bid to take over Montreal-based Coscient Group, Quebec’s leading TV producer and the third-largest production outfit in Canada. Sirois’ Telesystem Intl. Wireless announced Friday that two Coscient executives, vice-chairman Laurent Gaudreau and president Richard Laferriere, have accepted an offer to sell all […]

  • Dylan Farrow CBS This Morning

    Dylan Farrow Gives First Interview About Woody Allen Allegations: 'I Am Telling the Truth'

    MONTREAL — Charles Sirois, one of Canada’s top telecommunications execs, has made a bid to take over Montreal-based Coscient Group, Quebec’s leading TV producer and the third-largest production outfit in Canada. Sirois’ Telesystem Intl. Wireless announced Friday that two Coscient executives, vice-chairman Laurent Gaudreau and president Richard Laferriere, have accepted an offer to sell all […]

  • Ajit Pai Free Speech

    State Attorneys General File Suit Over FCC's Net Neutrality Repeal

    MONTREAL — Charles Sirois, one of Canada’s top telecommunications execs, has made a bid to take over Montreal-based Coscient Group, Quebec’s leading TV producer and the third-largest production outfit in Canada. Sirois’ Telesystem Intl. Wireless announced Friday that two Coscient executives, vice-chairman Laurent Gaudreau and president Richard Laferriere, have accepted an offer to sell all […]

  • Miramax Parent Company Enters Fray for

    Miramax Parent Company Enters Fray for Weinstein Co.

    MONTREAL — Charles Sirois, one of Canada’s top telecommunications execs, has made a bid to take over Montreal-based Coscient Group, Quebec’s leading TV producer and the third-largest production outfit in Canada. Sirois’ Telesystem Intl. Wireless announced Friday that two Coscient executives, vice-chairman Laurent Gaudreau and president Richard Laferriere, have accepted an offer to sell all […]

  • Alec Baldwin Woody Allen

    Alec Baldwin Criticizes Stars Denouncing Woody Allen: 'It's Unfair and Sad'

    MONTREAL — Charles Sirois, one of Canada’s top telecommunications execs, has made a bid to take over Montreal-based Coscient Group, Quebec’s leading TV producer and the third-largest production outfit in Canada. Sirois’ Telesystem Intl. Wireless announced Friday that two Coscient executives, vice-chairman Laurent Gaudreau and president Richard Laferriere, have accepted an offer to sell all […]

  • U.S. Capitol

    Senate Democrats Close to Majority on Vote to Restore Net Neutrality Rules

    MONTREAL — Charles Sirois, one of Canada’s top telecommunications execs, has made a bid to take over Montreal-based Coscient Group, Quebec’s leading TV producer and the third-largest production outfit in Canada. Sirois’ Telesystem Intl. Wireless announced Friday that two Coscient executives, vice-chairman Laurent Gaudreau and president Richard Laferriere, have accepted an offer to sell all […]

More From Our Brands

Access exclusive content