SHAW COMMUNICATIONS

Rogers Closes Transformative Merger with Shaw

Retrieved on:

Monday, April 3, 2023

TORONTO, April 03, 2023 (GLOBE NEWSWIRE) -- Rogers Communications Inc. announced today it has completed its historic merger with Shaw Communications Inc.

Key Points:

This merger builds on the deep legacies of JR Shaw and Ted Rogers, two of Canada’s greatest entrepreneurs.
“For more than 50 years, Shaw has been a fixture in millions of homes and thousands of communities across Canada.
Brad Shaw and Trevor English, Shaw’s former Executive Vice President and Chief Financial & Corporate Development Officer, have been designated for nomination to the Rogers Board of Directors.
Rogers, together with Shaw, creates one national company with the breadth of assets to create attractive bundled services nationally.

Quebecor closes acquisition of Freedom Mobile

Retrieved on:

Monday, April 3, 2023

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MONTRÉAL and CALGARY, Alberta, April 03, 2023 (GLOBE NEWSWIRE) -- Quebecor Inc. (“Quebecor”) and Shaw Communications Inc. (“Shaw”) announced today that the acquisition of Freedom Mobile Inc. (“Freedom”) by Videotron Ltd. (“Videotron”), a wholly-owned subsidiary of Quebecor, has been completed, creating the fourth strong, competitive wireless service provider that Canadian consumers and governmental and regulatory authorities have been waiting for (the “Freedom Transaction”).

Key Points:

MONTRÉAL and CALGARY, Alberta, April 03, 2023 (GLOBE NEWSWIRE) -- Quebecor Inc. (“Quebecor”) and Shaw Communications Inc. (“Shaw”) announced today that the acquisition of Freedom Mobile Inc. (“Freedom”) by Videotron Ltd. (“Videotron”), a wholly-owned subsidiary of Quebecor, has been completed, creating the fourth strong, competitive wireless service provider that Canadian consumers and governmental and regulatory authorities have been waiting for (the “Freedom Transaction”).
With a combined total of more than 3.5 million customers for mobile services alone and the expertise of nearly 7,500 employees, Freedom and Videotron have the leverage to further disrupt Canada’s wireless market.
“We are very pleased to be closing the acquisition of Freedom Mobile today, bringing its Canadian footprint as well as the expertise and experience of its employees into our fold,” said Pierre Karl Péladeau, President and CEO of Quebecor.
Existing Freedom customers will also automatically receive a 10% increase in their local data limit at no additional cost.

Rogers and Shaw to Proceed With Transformative Merger

Retrieved on:

Friday, March 31, 2023

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 and Shaw to Proceed With Transformative Merger

Retrieved on:

Friday, March 31, 2023

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

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 to Close Pro-Competitive Transactions

Retrieved on:

Friday, March 31, 2023

TORONTO and CALGARY 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.

Quebecor closes acquisition of Freedom Mobile

Retrieved on:

Monday, April 3, 2023

MONTRÉAL and CALGARY, April 3, 2023 /CNW/ - Quebecor Inc. ("Quebecor") and Shaw Communications Inc. ("Shaw") announced today that the acquisition of Freedom Mobile Inc. ("Freedom") by Videotron Ltd. ("Videotron"), a wholly-owned subsidiary of Quebecor, has been completed, creating the fourth strong, competitive wireless service provider that Canadian consumers and governmental and regulatory authorities have been waiting for (the "Freedom Transaction").

Key Points:

MONTRÉAL and CALGARY, April 3, 2023 /CNW/ - Quebecor Inc. ("Quebecor") and Shaw Communications Inc. ("Shaw") announced today that the acquisition of Freedom Mobile Inc. ("Freedom") by Videotron Ltd. ("Videotron"), a wholly-owned subsidiary of Quebecor, has been completed, creating the fourth strong, competitive wireless service provider that Canadian consumers and governmental and regulatory authorities have been waiting for (the "Freedom Transaction").
With a combined total of more than 3.5 million customers for mobile services alone and the expertise of nearly 7,500 employees, Freedom and Videotron have the leverage to further disrupt Canada's wireless market.
"We are very pleased to be closing the acquisition of Freedom Mobile today, bringing its Canadian footprint as well as the expertise and experience of its employees into our fold," said Pierre Karl Péladeau, President and CEO of Quebecor.
Existing Freedom customers will also automatically receive a 10% increase in their local data limit at no additional cost.

ROGERS, SHAW AND QUEBECOR TO CLOSE PRO-COMPETITIVE TRANSACTIONS

Retrieved on:

Friday, March 31, 2023

This was the final regulatory approval required to enable the Freedom Transaction and the Rogers-Shaw Merger (the "Transactions").

Key Points:

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.
None of Rogers, Shaw or Quebecor is under any obligation (and each of Rogers, Shaw and Quebecor expressly disclaims any such obligation) to update or alter any statements containing forward-looking information, the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law.

Shaw Declares March Monthly Dividend, Suspends DRIP and Extends Date for Annual General Meeting

Retrieved on:

Friday, February 17, 2023

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CALGARY, Alberta, Feb. 17, 2023 (GLOBE NEWSWIRE) -- Shaw Communications Inc. (“Shaw”) announced today that it has declared a monthly dividend, suspended its dividend reinvestment plan (“DRIP”) and obtained an extension for the date by which it must hold its annual general meeting.

Key Points:

CALGARY, Alberta, Feb. 17, 2023 (GLOBE NEWSWIRE) -- Shaw Communications Inc. (“Shaw”) announced today that it has declared a monthly dividend, suspended its dividend reinvestment plan (“DRIP”) and obtained an extension for the date by which it must hold its annual general meeting.
Shareholders will not be entitled to receive a particular dividend unless they are holders of record on the applicable record date.
Any future dividends paid by Shaw will be received by former DRIP participants in cash (together with all other Shaw shareholders).
If the Rogers-Shaw merger has not closed by such time, the Company expects to hold its 2023 annual general meeting near the end of May 2023 and will provide a notice of meeting and record date in due course.

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

Retrieved on:

Friday, February 17, 2023

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.