Rogers, Shaw welcome Tribunal's clearing of merger path, extend closing

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However, the deal still requires approval from Innovation, Science and Economic Development Canada

OTTAWA — Rogers Communications Inc. and Shaw Communications Inc. said they welcome the Competition Tribunal's dismissal of an effort by the Competition Bureau to block their $26-billion merger as they extended the closing date by a month, while the Commissioner of Competition said he's considering next moves.

“We are pleased with the favourable decision," said Rogers and Shaw in a joint statement. "We look forward to reviewing the details of the decision and working with the Minister of Innovation, Science and Industry so we can clear the final regulatory hurdle to close these transactions.” "I am very disappointed that the Tribunal is dismissing our application to block the merger between Rogers and Shaw. We are carefully considering our next steps,” said Commissioner of Competition Matthew Boswell in a statement.The decision comes after weeks of hearings that wrapped Dec.

 

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