Rogers, Shaw Delay Deal Again as Minister Takes His Time
- Market is pricing in 95% odds of closing, analyst says
- It’s been more than six months since original closing date
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Rogers Communications Inc. and Shaw Communications Inc. pushed back the deadline to close their merger again, to Feb. 17, after a Canadian government minister said he needs more time to decide whether to approve the deal.
The C$20 billion ($15 billion) transaction had an original deadline of last June, which later was moved to Jan. 31 as the companies fought an antitrust challenge. Last week, the Federal Court of Appeal rejected arguments by Canada’s competition watchdog to block it, ending a monthslong legal battle.