Rogers, Shaw, competition bureau to participate in tribunal mediation for proposed C$20 billion deal
2022.06.24 20:35
General view of the Rogers Building, quarters of Rogers Communications in Toronto, Ontario, Canada October 22, 2021. REUTERS/Carlos Osorio
(Corrects to say Canada’s competition bureau would also join mediation process in headline, first paragraph)
TORONTO (Reuters) – Rogers (NYSE:ROG) Communications Inc, Shaw Communications (NYSE:SJR) Inc, and the Canada’s competition bureau wish to participate in a mediation process for the companies’ proposed C
$20 billion ($15.5 billion) merger in the Competition Tribunal on July 4-5, the tribunal said on Friday.
Canada’s competition bureau has blocked Rogers’ proposed purchase of Shaw on the grounds that the deal will lessen competition in the telecom sector, leading to increased mobile bills for consumers.
($1 = 1.2921 Canadian dollars)
(This story corrects to say Canada’s competition bureau would also join mediation process in headline, first paragraph)
