Rogers Communications Inc. (RCI)
After hours:
- Reuters
UPDATE 1-Rogers, Shaw say Canada antitrust talks on deal did not result in resolution
Rogers Communications said on Wednesday talks with Canada's antitrust authority to discuss possible remedies to the blocked C$20 billion ($15.34 billion) takeover of Shaw Communications did not result in a resolution. Shares of Rogers were down 1.77% at C$61.99 at midmorning Shaw was down 2.93% at C$37.10 on the Toronto Stock Exchange. "Rogers and Shaw are not precluded from continuing discussions with the Commissioner at any time," the wireless companies said in a statement, as the July 31 deadline for closing the deal nears.
- Reuters
Rogers, Shaw say Canada antitrust talks on deal did not result in resolution
Shares of Rogers were down 1.77% at C$61.99 at midmorning Shaw was down 2.93% at C$37.10 on the Toronto Stock Exchange. "Rogers and Shaw are not precluded from continuing discussions with the Commissioner at any time," the wireless companies said in a statement, as the July 31 deadline for closing the deal nears. The inconclusive mediation process means the deal closure could drag on for months until the tribunal gives a verdict which could be at the end of this year, or the disputed parties reach a settlement.
- Reuters
Rogers, Shaw say Canada antitrust talks on blocked deal did not result in resolution
Rogers Communications said on Wednesday talks with Canada's antitrust authority to discuss possible remedies to the blocked C$20 billion ($15.34 billion) takeover of Shaw Communications did not result in a resolution. "Rogers and Shaw are not precluded from continuing discussions with the Commissioner at any time," the wireless companies said in a statement, as the July deadline for the deal closure nears. To allay some antitrust concerns, Rogers has agreed to sell Freedom Mobile, one of Shaw's cellular businesses, to Montreal-based Quebecor.
