“Rogers, Shaw and Shaw Family Living Trust remain committed to the merger, and continue to pursue the divestiture of Freedom Mobile to Quebecor on the terms previously disclosed,” the companies said in a statement.
The $2.85-billion Freedom sale was announced in June to try to assuage concerns the combination of Rogers and Shaw would lessen wireless competition and raise prices for consumers, but the federal competition authority is continuing to pursue its attempt to block the merger. “Rogers and Shaw continue to pursue the divestiture of Freedom Mobile to Quebecor on the terms set out in the previously disclosed agreement,” the companies said in the statement Wednesday. “Negotiation of the definitive transaction documents are progressing, and the parties will provide an update in due course.”Article content
The Rogers-Shaw merger has been approved by the shareholders of Shaw and the Court of Queen’s Bench of Alberta, as well as the Canadian Radio-television and Telecommunications Commission. It remains subject to review by the Competition Tribunal and Competition Bureau and approval by the Minister of Innovation, Science and Industry.
🤨 So, we're kicking the can down the road until all this anger dissipates. They're going ahead with the merger, and the government corruption in Canada is permitting it.
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