Rogers to buy Shaw in deal worth $26 billion, combining Canada’s two largest cable providers

DM

Rogers Communications Inc. announced Monday it would acquire Calgary-based Shaw Communications Inc. in a $20.4-billion deal that will reshape the country’s telecom landscape, giving Toronto-based Rogers broad access to markets in Western Canada. Rogers is offering $40.50 in cash per share of Shaw, a 69 per cent premium over closing price of Shaw shares Friday. Factoring in debt, the deal, which is slated to close in the first half of 2022 pending regulatory approval, is worth $26 billion.

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