Shaw Communications Inc. V.SJR.A

Primary Symbol: SJRWF

Communication Services Telecom Services

Shaw Communications is a Canadian cable company that is one of the biggest providers of internet, television, and landline telephone services in British Columbia, Alberta, Saskatchewan, Manitoba, and northern Ontario. In fiscal 2021, more than 75% of Shaw's total revenue resulted from this wireline business. Shaw is also now a national wireless service provider after acquiring Wind Mobile in 2016. Shaw has upgraded its wireless network, undertaken an aggressive pricing strategy, and significantly enhanced its spectrum holdings. As a smaller carrier, Shaw has favored bidding status in spectrum auctions, giving it a further boost in enhancing its wireless network. At the 2019 auction, Shaw added significant amounts of 600 MHz spectrum to the 700 MHz spectrum it is currently deploying.

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Shaw Communications Inc. > Closing Date for Takeover April 7th 2023

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Post by fishowlon Mar 31, 2023 3:15pm

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Post# 35372546

Closing Date for Takeover April 7th 2023

In the following press release, it's mentioned that the transaction will close on April 7th. Does that mean shareholders will be paid on $40.50 per share on Friday April 7th?

Transactions Update

As announced earlier today, Rogers, Shaw, the Shaw Family Living Trust, and Quebecor Inc. agreed to extend the outside date of the closing of the merger of Rogers and Shaw and the acquisition of Freedom Mobile by Videotron Ltd., a wholly-owned subsidiary of Quebecor, to April 7, 2023.

Link to complete press release:
https://money.tmx.com/en/quote/SJR.B/news/6366125968689119/Rogers_and_Shaw_to_Proceed_With_Transformative_Merger

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