|Bid||33.51 x 0|
|Ask||35.95 x 0|
|Day's Range||34.50 - 34.50|
|52 Week Range||33.00 - 39.50|
|Beta (5Y Monthly)||0.45|
|PE Ratio (TTM)||17.78|
|Forward Dividend & Yield||1.18 (3.42%)|
|Ex-Dividend Date||Aug 12, 2022|
|1y Target Est||N/A|
Rogers Communications said on Thursday that Canada's competition commissioner has a "statutory obligation" to expedite the hearing into the company's proposed acquisition of Shaw Communications Inc. Rogers made the comments in a formal objection filed with the competition tribunal, where it rejected the competition commissioner's request for additional time to investigate the sale of Freedom Mobile to Quebecor Inc. The antitrust agency has blocked Rogers' C$20 billion ($15.5 billion) acquisition of Shaw saying it would lessen competition in Canada's concentrated telecoms market, where customers pay among the highest bills.
Rogers Communications Inc extended the deadline to close its C$20 billion ($15.6 billion) buyout of rival Shaw Communications to December and said it would take a hit due to an outage that impacted millions of customers earlier this month. William Densmore, senior director, Corporates at Fitch Ratings said every 1% increase in the average cost of the new newly issued debt due to refinancing would add around C$130 million in interest cost. The purchase of Shaw has been in the crosshairs of Canada's antitrust agency, which said last week it needs more time to examine the concession offered to allay competition concerns over the deal.
Rogers Communications Inc delayed the deadline for its C$20 billion ($15.56 billion) buyout of rival Shaw Communications and said it would take a hit due to an outage that impacted millions of customers earlier this month. The purchase of Shaw has been in the crosshairs of Canada's antitrust agency, which said last week it needs more time to examine the concession offered to allay competition concerns over the deal. For the three months ended June 30, the company reported a profit and revenue that were better than market expectations, thanks to a jump in wireless subscribers and strong demand for its internet services.