Category: Rogers Shaw deal

Industry Minister Approves Rogers’ Buyout of Shaw, With Some Conditions

March 31, 2023
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Industry Minister François-Philippe Champagne has approved Rogers Communications Inc.’s $26-billion buyout of Shaw Communications Inc. with a number of conditions. Champagne’s approval of the buyout on March 31 ends over two years of the Rogers-Shaw deal moving through various regulatory hurdles after it was initially announced over two years ago. Champagne told reporters in Ottawa…

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Rogers Will Cut At Least 4,000 Jobs if Cabinet Approves Shaw Buyout, Claims Conservative MP

January 26, 2023
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Rogers Communications Inc. will cut 4,000 to 5,000 jobs if the federal cabinet approves its attempted buyout of rival telecommunications company Shaw Communications Inc., claims Conservative MP Rick Perkins, who says he was told this information by Rogers insiders. “Successful acquisitions obviously require job cuts and generally don’t involve job increases. And Rogers told the Competition…

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Parliament Unanimously Votes to Probe Rogers-Shaw Deal

March 21, 2021
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The Jobs and Industry to the Standing Committee on Industry, Science and Technology voted unanimously on March 19 to probe the Rogers-Shaw deal after about an hour of debate. On March 15, Rogers announced an agreement to acquire Shaw in a transaction valued at $26 billion, including debt. The deal will see two of Canada’s…

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Parliamentary Committee Unanimously Votes to Probe Rogers-Shaw Deal

March 21, 2021
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The Standing Committee on Industry, Science and Technology voted unanimously on March 19 to probe the Rogers-Shaw deal after about an hour of debate. On March 15, Rogers announced an agreement to acquire Shaw in a transaction valued at $26 billion, including debt. The deal will see two of Canada’s largest cable companies, as well…

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Conservatives Demand Hearings on Rogers-Shaw $26 Billion Deal

March 17, 2021
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The proposed acquisition of Shaw Communications Inc. by Rogers Communications Inc. will likely face hearings from a Commons committee, after a Conservative MP argued that the deal needs to be probed. “Some argue the Rogers-Shaw deal means more investment, others that it means less competition,” said Pierre Poilievre, Conservative Shadow Minister for Jobs and Industry,…

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Rogers Communications Signs Deal to Buy Shaw Communications in Deal Valued at $26B

March 15, 2021
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TORONTO—Rogers Communications Inc. announced an agreement Monday to buy Shaw Communications Inc. in a deal valued at $26 billion, including debt. Under the plan, Rogers will pay holders of Shaw’s class A and B shares $40.50 in cash per share, while the Shaw family will receive some of their payment in Rogers shares. Shaw’s Class B shares closed at…

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