Shaw Communications Inc. SJRWF

Takeover

[temeraire]

Does anyone know when talk with Rogers becomes public?

[SunsetGrill]

Im thinking when they actually start talking - why does it have to be Rogers?

[temeraire]

They've always been talking and now with the Audets saying divinitively "non merci" RCI can turn its full balance sheet towards the Shaw family - who aren't exactly "close"..... elegant way out for all...  

[temeraire]

.... I think we can say it's "Public".  :-)

[Milhouse123]

Jumped on the board to check out the comments and saw your post from last month.  Great call!

[iownbmw545]

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[temeraire]

The drumming might light but troops are definitely being put in to formation....

[temeraire]

....any comment.  Be careful with being a know-it-all. Feel free to apologies.   What else was Rogers to do with their FCF? Pay huge dividends?  They should have but why - the family don't need the money so they make overpaid acquisitions instead that often waste capital. How much did the NHL rights cost??  Flushing sound.....

[iownbmw545]

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[dileas48s]

From the PR: Rogers to purchase all outstanding Class A Shares and Class B Shares of Shaw for $40.50 per share in cash, reflecting a ~70% premium to Shaw’s Class B Share price https://stockhouse.com/news/press-releases/2021/03/15/rogers-and-shaw-to-come-together-in-26-billion-transaction-creating-new-jobs

[iownbmw545]

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[temeraire]

...I'm not actually gloating.  I was happy with with their dividend too.  Truthfully wished I'd bought more.  The thesis was compelling though unlike in the US we don't have private equity investors screaming for special dividends when they can be afforded.  Instead we get expensive  acquisitions - Rogers had no where to turn in Canada but to Shaw & no

[iownbmw545]

This post has been removed in accordance with Community Policy

[temeraire]

What's funny is how quiet this board has been - certainly since I joined. You've clearly been here longer.  I thought of Telus but was persuaded that the investment wankers had gone to all the trouble of putting the $ hoard in place to pay the Audets.   Once it was clearly dead they needed a target for the financing - Shaw was the only thing that seemed reasonable. As you pointed

[Red_Deer]

TeMaire__YOU got THAT wrong !!!__Telus was the Alberta Govt run company which went public in the early 90s__and then it was Telus which TOOK OVER BC Tel just like Rogers doing now to Shaw And Boy oh Boy did the Olde BC Tel UNION howl about that__trying to make it that BC Tel took over Telus__their HATE for Entwistle on this included some shots being fired at the HQ building__but in the end