Rogers Keeps Rising as Shaw Deal Nears Key Antitrust Ruling
- $16 billion transaction still needs two more approvals
- Rogers shops Shaw’s mobile unit even before the deal closes
Rogers headquarters in Toronto.
Photographer: Cole Burston/BloombergThis article is for subscribers only.
It’s decision time for the people who control the fate of one of Canada’s biggest-ever mergers.
Telecom and cable giant Rogers Communications Inc. has two more hurdles before it can close its takeover of rival Shaw Communications Inc. The C$20 billion ($16 billion) deal needs a green light from the country’s antitrust watchdog and a key federal government ministry. Those rulings could come as early as next month.