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Shaw Communications Inc. (SJR-B.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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38.94-0.10 (-0.26%)
At close: 04:00PM EDT
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    Rogers-Shaw lawyers could nab bigger share of C$100 million-plus fee jackpot

    TORONTO (Reuters) -As Rogers Communications' long-delayed takeover of Shaw Communications Inc nears its final hurdle, bankers, lawyers and shareholder advisors are preparing to finally pocket a C$100 million-plus ($75 million) fee from the bitterly contested deal. The C$20 billion deal, which will create Canada's No. 2 telecoms operator, has passed all legal hurdles after the Competition Tribunal objected on concerns that included the merger would raise wireless fees in Canada, already the highest in the world. Rogers and Shaw estimated in April 2021 that the transaction would cost C$100 million in total fees, but some bankers and lawyers now expect the payout to be higher due to the lengthy court battle.