Deals
Rogers Takeover of Shaw Headed to Court as Antitrust Talks Fail
- Mediation with federal Competition Bureau leads nowhere
- Cable firms ‘remain committed’ to $14.7 billion deal
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Rogers Communications Inc. failed to settle a dispute with Canada’s antitrust watchdog about its takeover of Shaw Communications Inc. during mediated talks, almost certainly sending the parties to court.
The companies said they’re committed to the deal and are confident of their chances in litigation. That step is scheduled to begin next month, with Rogers, Shaw and the Competition Bureau making their arguments in front of the federal Competition Tribunal.