Rogers says it has the support of the Shaw family
Bloomberg News Kevin Orland, Derek Decloet and Danielle Bochove
March 15, 2021
Rogers Communications Inc. agreed to buy rival Shaw Communications Inc. in a $20 billion deal that would unite Canada’s two largest cable providers and shake up its wireless industry.
The $40.50-per-share cash offer has the support of Shaw’s board and isn’t conditional on financing, the companies said Monday. The proposal represents a 69 per cent premium over Shaw’s closing price on Friday. Including debt, the transaction is worth about $26 billion.
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