|Bid||26.02 x N/A|
|Ask||26.84 x N/A|
|Day's range||26.41 - 26.41|
|52-week range||23.60 - 28.89|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Rogers Communications said on Thursday that Canada's competition commissioner has a "statutory obligation" to expedite the hearing into the company's proposed acquisition of Shaw Communications Inc. Rogers made the comments in a formal objection filed with the competition tribunal, where it rejected the competition commissioner's request for additional time to investigate the sale of Freedom Mobile to Quebecor Inc. The antitrust agency has blocked Rogers' C$20 billion ($15.5 billion) acquisition of Shaw saying it would lessen competition in Canada's concentrated telecoms market, where customers pay among the highest bills.
OTTAWA (Reuters) -Canada will examine the resiliency of telecom networks across the country before approving Rogers Communications Inc's proposed C$20 billion ($15.6 billion) acquisition of Shaw Communications Inc, Industry Minister Francois Philippe Champagne said on Monday. The deal is being blocked by Canada's competition bureau but Champagne has the last word on approving the merger. The deal is now being questioned by policy makers after Rogers faced an unprecedented network outage this month that halted industries from banking to airlines to emergency services.
Rogers Communications faces a tough antitrust regulator and a July 31 deadline to close its C$20 billion ($15.5 billion) acquisition of Calgary-based Shaw Communications. With all eyes now on the Competition Tribunal, the antitrust agency, the Competition Bureau, Canada, and Rogers-Shaw will argue their case. Canada's competition agency has blocked the merger on the grounds that the deal will reduce competition in Canada and said the concession offered by Rogers in the form of the sale of Freedom Mobile, a unit of Shaw, is not enough to ease regulator's concerns.