NYSE:SJR

Rogers and Shaw to Proceed With Transformative Merger

Retrieved on: 
Friday, March 31, 2023
Telecommunications, Uncertainty, The Honourable, Canadian Radio-television and Telecommunications Commission, Federal Court of Appeal, Lung compliance, Federal court, Australian Competition Tribunal, EDGAR, Shaw Communications, Freedom Mobile, Trust, Acquisition, Investment, JR Shaw, Edward Rogers, SEDAR, Competition Tribunal, News, Airline, Video game, Security (finance), Science, Vidéotron, Quebecor, Western Canada

The Rogers-Shaw merger builds on the deep investment legacies of JR Shaw and Ted Rogers, two of Canada’s greatest entrepreneurs.

Key Points: 
  • The Rogers-Shaw merger builds on the deep investment legacies of JR Shaw and Ted Rogers, two of Canada’s greatest entrepreneurs.
  • “Today begins an exciting new chapter for the future of connectivity in Canada,” said Brad Shaw, Executive Chair and CEO, Shaw.
  • As announced earlier today, Rogers, Shaw, the Shaw Family Living Trust, and Quebecor Inc. agreed to extend the outside date of the closing of the merger of Rogers and Shaw and the acquisition of Freedom Mobile by Videotron Ltd., a wholly-owned subsidiary of Quebecor, to April 7, 2023.
  • Prior to the close of the Rogers-Shaw merger (the “Rogers-Shaw Merger”), Shaw will sell Freedom Mobile to Videotron (the “Freedom Transaction”).

Rogers, Shaw and Quebecor to Close Pro-Competitive Transactions

Retrieved on: 
Friday, March 31, 2023
Transfer, Commissioner, Telecommunications, Uncertainty, Canadian Radio-television and Telecommunications Commission, Federal Court of Appeal, Federal court, Australian Competition Tribunal, Vidéotron, Shaw Communications, Freedom Mobile, Competition, Transaction, Acquisition, Tribunal, Competition Tribunal, Federation, News, Retail, Cryptocurrency, Science, Quebecor

TORONTO and CALGARY, Alberta and MONTREAL, March 31, 2023 (GLOBE NEWSWIRE) -- After receiving federal government approval, Rogers Communications Inc., Shaw Communications Inc., and Quebecor Inc. announced today that they plan to close the pro-competitive transactions expeditiously.

Key Points: 
  • The announcement follows approval of the transfer of Shaw’s wireless spectrum licences to Videotron by the Minister of Innovation, Science and Industry.
  • This was the final regulatory approval required to enable the Freedom Transaction and the Rogers-Shaw Merger (the “Transactions”).
  • The Transactions have now received all required shareholder and regulatory approvals and remain subject to customary closing conditions.
  • The Tribunal had rejected the Commissioner’s challenge of the Freedom Transaction and the subsequent Rogers-Shaw Merger.

Rogers, Shaw and Quebecor Extend Outside Date of Proposed Transactions to March 31, 2023

Retrieved on: 
Friday, February 17, 2023
Uncertainty, Shaw Communications, Commissioner, Tribunal, Federal Court of Appeal, Telecommunications, Competition, Acquisition, News, Competition Tribunal, Sale, Freedom Mobile, Innovation, Science and Economic Development Canada, Federal court, Canadian Radio-television and Telecommunications Commission, ISED, Security (finance), Cryptocurrency, Quebecor, Science, Vidéotron

TORONTO and CALGARY, Alberta and MONTREAL, Feb. 17, 2023 (GLOBE NEWSWIRE) -- Rogers Communications Inc., Shaw Communications Inc., the Shaw Family Living Trust, and Quebecor Inc. today announced an agreement to extend the outside date of the proposed merger of Rogers and Shaw and the acquisition of Freedom Mobile by Videotron Ltd., a wholly-owned subsidiary of Quebecor, to March 31, 2023.

Key Points: 
  • TORONTO and CALGARY, Alberta and MONTREAL, Feb. 17, 2023 (GLOBE NEWSWIRE) -- Rogers Communications Inc., Shaw Communications Inc., the Shaw Family Living Trust, and Quebecor Inc. today announced an agreement to extend the outside date of the proposed merger of Rogers and Shaw and the acquisition of Freedom Mobile by Videotron Ltd., a wholly-owned subsidiary of Quebecor, to March 31, 2023.
  • ISED approval must be obtained before the combination of Rogers and Shaw can proceed.
  • The Tribunal had rejected the Commissioner’s challenge of the proposed acquisition of Freedom Mobile by Videotron and the subsequent combination of Rogers and Shaw (the “Transactions”).
  • Any forward-looking information contained in this news release represent expectations as of the date of this news release and are subject to change after such date.

Rogers, Shaw and Quebecor Extend Outside Date of Proposed Transactions to March 31, 2023

Retrieved on: 
Friday, February 17, 2023
Uncertainty, Shaw Communications, Commissioner, Tribunal, Federal Court of Appeal, Telecommunications, Competition, Acquisition, News, Competition Tribunal, Sale, Freedom Mobile, Innovation, Science and Economic Development Canada, Federal court, Canadian Radio-television and Telecommunications Commission, ISED, Security (finance), Cryptocurrency, Quebecor, Science, Vidéotron

TORONTO, CALGARY, Alberta and MONTREAL, Feb. 17, 2023 (GLOBE NEWSWIRE) -- Rogers Communications Inc., Shaw Communications Inc., the Shaw Family Living Trust, and Quebecor Inc. today announced an agreement to extend the outside date of the proposed merger of Rogers and Shaw and the acquisition of Freedom Mobile by Videotron Ltd., a wholly-owned subsidiary of Quebecor, to March 31, 2023.

Key Points: 
  • TORONTO, CALGARY, Alberta and MONTREAL, Feb. 17, 2023 (GLOBE NEWSWIRE) -- Rogers Communications Inc., Shaw Communications Inc., the Shaw Family Living Trust, and Quebecor Inc. today announced an agreement to extend the outside date of the proposed merger of Rogers and Shaw and the acquisition of Freedom Mobile by Videotron Ltd., a wholly-owned subsidiary of Quebecor, to March 31, 2023.
  • ISED approval must be obtained before the combination of Rogers and Shaw can proceed.
  • The Tribunal had rejected the Commissioner’s challenge of the proposed acquisition of Freedom Mobile by Videotron and the subsequent combination of Rogers and Shaw (the “Transactions”).
  • Any forward-looking information contained in this news release represent expectations as of the date of this news release and are subject to change after such date.

ROGERS, SHAW AND QUEBECOR EXTEND OUTSIDE DATE OF PROPOSED TRANSACTIONS TO FEBRUARY 17, 2023

Retrieved on: 
Monday, January 30, 2023
Court of King's Bench of Alberta, Commissioner, AB, News, Federal court, Telecommunications, Federal Court of Appeal, Tribunal, Competition Tribunal, Uncertainty, Innovation, Science and Economic Development Canada, Sale, Shaw Communications, Freedom Mobile, Competition, Acquisition, ISED, Canadian Radio-television and Telecommunications Commission, Food delivery, Cryptocurrency, Vidéotron, Science, Quebecor

Companies remain committed to pro-competitive transactions,

Key Points: 
  • Companies remain committed to pro-competitive transactions,
    TORONTO, CALGARY, AB and MONTREAL, Jan. 30, 2023 /PRNewswire/ - Rogers Communications Inc., Shaw Communications Inc., the Shaw Family Living Trust, and Quebecor Inc. today announced an agreement to extend the outside date of the proposed merger of Rogers and Shaw and the acquisition of Freedom Mobile by Videotron Ltd., a wholly-owned subsidiary of Quebecor, to February 17, 2023.
  • All parties remain committed to the pro-competitive transactions, which will deliver significant benefits to Canada and Canadian consumers.
  • The companies continue to work with ISED to secure the final approval needed to close the pro-competitive transactions.
  • The Tribunal had rejected the Commissioner's challenge of the proposed acquisition of Freedom Mobile by Videotron and the subsequent combination of Rogers and Shaw (the "Transactions").

Rogers, Shaw and Quebecor Extend Outside Date of Proposed Transactions to February 17, 2023

Retrieved on: 
Monday, January 30, 2023
Competition Tribunal, Innovation, Science and Economic Development Canada, Freedom Mobile, Acquisition, Uncertainty, ISED, Federal court, Sale, Commissioner, Shaw Communications, Telecommunication, Competition, Canadian Radio-television and Telecommunications Commission, Federal Court of Appeal, Tribunal, News, Oil, Bank, Security (finance), Vidéotron, Science, Quebecor

TORONTO and CALGARY, Alberta and MONTREAL, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Rogers Communications Inc., Shaw Communications Inc., the Shaw Family Living Trust, and Quebecor Inc. today announced an agreement to extend the outside date of the proposed merger of Rogers and Shaw and the acquisition of Freedom Mobile by Videotron Ltd., a wholly-owned subsidiary of Quebecor, to February 17, 2023.

Key Points: 
  • TORONTO and CALGARY, Alberta and MONTREAL, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Rogers Communications Inc., Shaw Communications Inc., the Shaw Family Living Trust, and Quebecor Inc. today announced an agreement to extend the outside date of the proposed merger of Rogers and Shaw and the acquisition of Freedom Mobile by Videotron Ltd., a wholly-owned subsidiary of Quebecor, to February 17, 2023.
  • All parties remain committed to the pro-competitive transactions, which will deliver significant benefits to Canada and Canadian consumers.
  • The companies continue to work with ISED to secure the final approval needed to close the pro-competitive transactions.
  • The Tribunal had rejected the Commissioner’s challenge of the proposed acquisition of Freedom Mobile by Videotron and the subsequent combination of Rogers and Shaw (the “Transactions”).

Shaw, Rogers and Quebecor Welcome the Decision by the Federal Court of Appeal

Retrieved on: 
Tuesday, January 24, 2023
Competition Tribunal, Innovation, Science and Economic Development Canada, Freedom Mobile, Failure, Acquisition, Uncertainty, Court, Federal court, Economic development, Sale, Commissioner, Shaw Communications, Telecommunication, The Honourable, Competition, Canadian Radio-television and Telecommunications Commission, Federal Court of Appeal, Tribunal, News, Security (finance), Vidéotron, Science, Quebecor

CALGARY and TORONTO and MONTREAL, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Rogers Communications Inc., Shaw Communications Inc., and Quebecor Inc. today provided the following statement on the decision by the Federal Court of Appeal.

Key Points: 
  • CALGARY and TORONTO and MONTREAL, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Rogers Communications Inc., Shaw Communications Inc., and Quebecor Inc. today provided the following statement on the decision by the Federal Court of Appeal.
  • “We welcome this clear, unequivocal, and unanimous decision by the Federal Court of Appeal.
  • The Tribunal rejected the Commissioner’s challenge of the proposed acquisition of Freedom Mobile by Videotron Ltd., a wholly owned subsidiary of Quebecor Inc., and the subsequent combination of Rogers and Shaw (“the Transactions”).
  • All of the forward-looking information in this news release is qualified by the cautionary statements herein.

Capital Power announces a 15-year renewable energy agreement with Shaw Communications

Retrieved on: 
Tuesday, January 17, 2023
Capital, Development, Shaw Communications, Municipal district, TSX, Capital Power Corporation, Senior, CPX, Carbon, Chief commercial officer, Renewable energy

The renewable energy is bundled with 100% of the associated greenhouse gas offsets and environmental attributes generated from Shaw Communication’s share of the facility’s generation output.

Key Points: 
  • The renewable energy is bundled with 100% of the associated greenhouse gas offsets and environmental attributes generated from Shaw Communication’s share of the facility’s generation output.
  • Combined with a previously announced virtual power purchase agreement, the Clydesdale Solar facility’s capacity is now approximately 90% contracted over a 15-year term.
  • “We’re excited to provide Shaw Communications with renewable power for their operations in Alberta,” said Chris Kopecky, Senior Vice President, Chief Legal, Development and Commercial Officer of Capital Power.
  • The Clydesdale Solar facility is projected to generate approximately 170 GWh of renewable energy in the first year of operations.

Rogers and Shaw Issue Statement on Commissioner of Competition’s Application for an Injunction and Appeal of the Tribunal Decision

Retrieved on: 
Friday, December 30, 2022
The Honourable, Canadian Radio-television and Telecommunications Commission, Freedom Mobile, Telecommunication, Failure, Competition Tribunal, News, Competition, Tribunal, Sale, Acquisition, Commissioner, Shaw Communications, Uncertainty, Security (finance), Cryptocurrency, Vidéotron, Science, Quebecor

“We remain committed to these pro-competitive transactions that will bring more choice, more affordability and more connectivity to Canadians.

Key Points: 
  • “We remain committed to these pro-competitive transactions that will bring more choice, more affordability and more connectivity to Canadians.
  • Instead, as the Tribunal found, the transactions will likely result in an intensifying of competition.
  • There is no certainty with respect to the timing or outcome of the Commissioner’s application for an injunction or the appeal.
  • All of the forward-looking information in this news release is qualified by the cautionary statements herein.

Rogers, Shaw Welcome Competition Tribunal Decision

Retrieved on: 
Friday, December 30, 2022
Canadian Radio-television and Telecommunications Commission, Freedom Mobile, Telecommunication, Failure, Innovation, Science and Economic Development Canada, Competition Tribunal, News, Competition, Tribunal, Acquisition, Shaw Communications, Uncertainty, Canada, Arrangement, Economic development, Sale, Airline, Security (finance), Cryptocurrency, Vidéotron, Science, Quebecor

TORONTO and CALGARY, Alberta, Dec. 30, 2022 (GLOBE NEWSWIRE) -- Rogers Communications Inc. ("Rogers") and Shaw Communications Inc. (“Shaw”) welcome the decision summary by the Competition Tribunal allowing the proposed acquisition of Freedom Mobile by Videotron Ltd. (“Videotron”), a wholly-owned subsidiary of Quebecor, and the subsequent combination of Rogers and Shaw (the “Rogers-Shaw Transaction”) to proceed.

Key Points: 
  • TORONTO and CALGARY, Alberta, Dec. 30, 2022 (GLOBE NEWSWIRE) -- Rogers Communications Inc. ("Rogers") and Shaw Communications Inc. (“Shaw”) welcome the decision summary by the Competition Tribunal allowing the proposed acquisition of Freedom Mobile by Videotron Ltd. (“Videotron”), a wholly-owned subsidiary of Quebecor, and the subsequent combination of Rogers and Shaw (the “Rogers-Shaw Transaction”) to proceed.
  • As a result of the Tribunal decision, the only required regulatory approval remaining under the Arrangement Agreement among Rogers and Shaw and the Freedom Mobile Share Purchase Agreement among Rogers, Shaw and Quebecor is the approval from the Minister of Innovation, Science and Industry for the transfer of Freedom Mobile’s wireless spectrum licenses to Videotron.
  • In a joint statement, the companies said: “We are pleased with the favourable decision from the Competition Tribunal and thank the Tribunal members for their work in rendering a swift decision.
  • This is an important milestone in the regulatory process and moves us one step closer to closing a series of transformative transactions proposed by Rogers, Shaw, and Quebecor.