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Rogers Communications Inc. (RCI)

NYSE - NYSE Delayed Price. Currency in USD
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47.48-0.93 (-1.92%)
At close: 04:00PM EDT
47.48 0.00 (0.00%)
After hours: 04:00PM EDT
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  • 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.