- Rogers Communications (RCI.A) and Shaw Communications (SJR.B) have agreed to extend the outside date of the proposed merger to December 31, 2022
- Rogers and Shaw continue to pursue the divestiture of Freedom Mobile to Quebecor
- The CRTC and company shareholders have already approved the transaction
- Rogers is a leading Canadian technology and media company
- Shaw is a leading Canadian connectivity company
- Rogers Communications Inc. (RCI.B) is up 0.45 per cent on the day, trading at C$60.10 per share at 2:30 pm ET
Rogers Communications (RCI.A) and Shaw Communications (SJR.B) have agreed to extend the outside date of the proposed merger to December 31, 2022.
Rogers and Shaw continue to pursue the divestiture of Freedom Mobile to Quebecor. Negotiation of the definitive transaction documents are progressing, and the parties will provide an update in due course.
The shareholders have already approved the transaction of Shaw and the Court of Queen’s Bench of Alberta, and the Canadian Radio-television and Telecommunications Commission, and remains subject to review by the Competition Tribunal and Competition Bureau and approval by the Minister of Innovation, Science and Industry and other customary closing conditions.
Rogers is a leading Canadian technology and media company that provides communications services and entertainment to consumers and businesses.
Shaw is a leading Canadian connectivity company. The wireline division consists of Consumer and Business services. The wireless division provides wireless voice and LTE data services.
Rogers Communications Inc. (RCI.B) is up 0.45 per cent on the day, trading at C$60.10 per share at 2:30 pm ET.