Author: marcelalow

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Rogers-Shaw M&A approval raises prospects of political meddling in…

By Maiya Keidan and Divya Rajagopal TORONTO, April 2 (Reuters) - Canada's move to clear Rogers Communications Inc's C$20 billion ($15 billion) bid for Shaw Communications Inc after two years should have been a balm to markets.Instead, dealmakers are worried about potential government intervention in mergers involving other sensitive sectors. On Friday, Minister of Innovation, Science and Industry Francois-Philippe Champagne agreed to the transfer of spectrum licenses held by Shaw's Freedom Mobile unit to Quebecor Inc after securing "unprecedented and legally binding commitments" and outlined hefty penalties for breaching the undertakings. That helped pave the way for Rogers' purchase of…

by marcelalow
June 7, 2024
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