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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. ....

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BCE bid on Shaw but wouldn't amend proposal to address regulatory issues: circular | iNFOnews


The Shaw Communications headquarters is seen in Calgary, Thursday, Jan. 11, 2018. THE CANADIAN PRESS/Jeff McIntosh
April 25, 2021 - 10:51 AM
TORONTO - BCE Inc. made a bid to buy Shaw Communications Inc. earlier this year, but lost to Rogers Communications Inc. when it was unwilling to amend its proposal to address regulatory issues.
The revelation was buried in a management information circular published Friday, which described a series of offers made to Shaw from Party A.
BCE spokesman Nathan Gibson confirmed to The Canadian Press that his company was Party A and says it ultimately determined the opportunity to buy Shaw wasn t in the best interests of its stakeholders. ....

Nathan Gibson , Jeff Mcintosh , Chethan Lakshman , Shaw Communications Inc , Bell Canada , Shaw Communications , Rogers Communications Inc , Manitoba Telecom Services Inc , Rogers Communications , Canadian Press , Manitoba Telecom Services , Eastern Canada , நாதன் கிப்சன் , ஜெஃப் ம்ஸிஂடோஶ் , சேதன் லக்ஷ்மன் , ஷா தகவல்தொடர்புகள் இன்க் , மணி கனடா , ஷா தகவல்தொடர்புகள் , ரோஜர்ஸ் தகவல்தொடர்புகள் இன்க் , ம்யாநிடோப தொலை தொடர்பு சேவைகள் இன்க் , ரோஜர்ஸ் தகவல்தொடர்புகள் , கனடியன் ப்ரெஸ் , ம்யாநிடோப தொலை தொடர்பு சேவைகள் , கிழக்கு கனடா ,