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Rogers, Shaw Hit Pause on Deal While Antitrust Case Is Heard

  • Agreement means firms must settle case or win at tribunal
  • $16 billion merger would be one of Canada’s largest ever
A Rogers store in Montreal this month.
A Rogers store in Montreal this month.Photographer: Christinne Muschi/Bloomberg
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Rogers Communications Inc. and Shaw Communications Inc. agreed not to close their C$20 billion ($15.8 billion) deal until antitrust problems are dealt with and said they’re working to negotiate a solution to satisfy Canadian regulators’ concerns. 

The companies agreed to a temporary halt on completing the merger. That removes one possible scenario -- that they would attempt to close the deal and then engage in a protracted court battle with Canada’s Competition Bureau, which is trying to block it.