Naman Ramachandran Canada’s Rogers Communications is buying competitor Shaw Communications in a deal worth CAD$26 billion ($20.8 billion).Rogers will acquire all issued and outstanding Class A Shares and Class B Shares of Shaw, which reflects a premium of approximately 70% to Shaw’s recent Class B Share price.Both entities began trading as family-run businesses.
The Shaw family will become one of the largest shareholders in Rogers, and Brad Shaw along with another director to be nominated by the Shaw family, will join the Rogers Board of Directors when the transaction closes.
The transaction has been unanimously approved by the Rogers board of directors and unanimously recommended by the Shaw board of directors.
Read more on variety.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.