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Rogers to acquire Shaw in CA$26 billion deal
The legacies of Ted Rogers and JR Shaw are set to merge in the massive deal, with the Shaw family to become one of the largest shareholders of Rogers Communications.
March 15, 2021
Rogers Communications has rocked the Canadian business landscape with the announcement of a plan to acquire Shaw Communications in a deal worth $26 billion, effectively merging the legacies of communications industry pioneers Ted Rogers and JR Shaw.
The transaction, which is subject to regulatory approvals, will see Toronto-based Rogers pay $40.50 per share in cash, worth a total of $20 billion, excluding 60% of the shares of Shaw Family Living Trust, which will be exchanged for 23.6 million shares of Rogers. The additional $6 billion estimated in the transaction is from Shaw’s existing ....

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