The full decision allowing Rogers\u0027 takeover of Shaw has been released, starting the clock on a 4\u002Dweek period to close the deal. Read on.
It dismissed an application by Canada’s antitrust czar, Matthew Boswell, to block the $20-billion transaction, which is one of the largest corporate mergers in Canada’s history.
The tribunal’s decision was already known because it issued a summary of its findings on Dec. 29, sending Shaw and Rogers shares higher Friday. But the release of the full text is a key step that allows Boswell to begin an appeal — which he has already said he will do.Article content The deadline for closing the deals is Jan. 31, and it can’t be extended past that date without Quebecor’s permission. Rogers and Shaw announced their combination almost two years ago, on March 15, 2021.Quebecor “has a proven record of aggressive pricing and innovation in Quebec and parts of Eastern Ontario.
Boswell’s only chance of stopping Rogers from buying Shaw is to persuade the Federal Court of Appeal to agree to hear his arguments. One potential ground for appeal is the fact the Competition Tribunal chose to look at the two deals together. The proposed sale of Shaw’s wireless assets to Quebecor wasn’t arranged until after Boswell filed suit against Rogers and Shaw.Article content
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Extra help for seniors and afflicted Ontarians kicks in on Jan. 1Ontario’s poorest senior citizens are getting some financial help in the New Year as the province doubles maximum payouts under the Guaranteed Annual Income System, while drivers will continue to save on taxes at the pump.
Read more »
LEO J. DEVEAU: This Week in Nova Scotia History: Dec. 31 - Jan. 6 | SaltWire31 December 1898 - After three years of construction work, the Halifax North Park Armoury (and Drill Hall) was completed. The building was designed by ...
Read more »
LEO J. DEVEAU: This Week in Nova Scotia History: Dec. 31 - Jan. 6 | SaltWire31 December 1898 - After three years of construction work, the Halifax North Park Armoury (and Drill Hall) was completed. The building was designed by ...
Read more »
5 things to do in Burnaby this weekend: Jan. 5-8Whether you want an exciting hockey matchup, a free beginner tango class or an introduction to beekeeping, Burnaby is packed with fun events this weekend.
Read more »
COVID update for Dec. 29-Jan. 4: B.C. health minister supports testing of travellers from China | No new B.C. data until Jan. 5Here\u0027s your update with everything you need to know on the COVID situation in B.C. and around the world. Check back daily for updates.
Read more »
Things to know to help shape your week in Newfoundland and Labrador Jan. 3-8 | SaltWireFrom berry farm proposals to hockey games, 2023 is getting underway
Read more »