The companies involved in Rogers\u0027 $26\u002Dbillion deal to buy Shaw have extended their deadline to complete the transaction.
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Rogers, Shaw, the Shaw Family Living Trust and Quebecor Inc. say they have pushed the deadline back to March 31 from Feb. 17.Sign up to receive daily headline news from the Calgary SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.
The deal has yet to close because it is still waiting for approval by Industry Minister Francois-Philippe Champagne who must sign off on the transfer of wireless spectrum licenses from Shaw to Videotron. The companies, which have extended their deadline several times, say they are continuing to work with the government to secure the final approvals needed to proceed.
The deal cleared a key hurdle in January, when the Federal Court of Appeal dismissed a Competition Bureau request to overturn approval of the agreement by the Competition Tribunal.
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