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Rogers Victory Over BCE in Shaw Auction Puts Key Assets in Play

Publishing date: Apr 27, 2021  •  56 minutes ago  •  4 minute read  •  Article content (Bloomberg) Rogers Communications Inc. won a bidding war for Shaw Communications Inc. by giving the Shaw family two things it needed most: a high price and deal certainty. Now the question is what antitrust watchdogs will want from Rogers. Securities documents filed by Shaw on Friday revealed that two companies vied for the Calgary, Alberta-based wireless and cable firm in an auction that lasted for weeks. BCE Inc., Canada’s largest telecommunications provider, matched Rogers’ $16 billion offer but wouldn’t agree to deal language that would have forced it to follow through with the purchase even if regulators attached major conditions. Rogers did.

Rogers victory over BCE in Shaw auction puts key assets in play

Rogers victory over BCE in Shaw auction puts key assets in play
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