Saturday, August 2, 2025

Latest

Court Asks Rogers, Shaw, Competition Bureau To “Reflect” After Mediation Failed

The Canada Federal Court has requested that counsel for Rogers Communications (TSX: RCI.B), Shaw Communications Inc. (TSX: SJR), and the Competition Commission appear for another case management conference on Tuesday.

Chief Justice Paul Crampton directed the parties for another conference “upon further considering the exchanges that took place during the case management conference held on Friday,” still related to the pending $20-billion merger between Rogers and Shaw that is being blocked by the commission for alleged anti-competition practices.

The court notice was handed down days after the two communication firms and the bureau failed to have a successful mediation as they companied did not agree on the terms put forward by the tribunal.

Crampton also directed the parties “to reflect” on a number of items in the intervening period, including the communication firms providing the Commissioner of Competition “with sufficient certainty… that the proposed transaction will not likely prevent or lessen competition substantially.”

He also asked the parties to provide respective legal counsels an agreement “to narrow the scope of the evidence they are planning to adduce with respect to efficiencies.”

The Canadian communications firms earlier in the year agreed to put the transaction on hold until the commission’s issues have been resolved. They also proposed selling Shaw’s Freedom Mobile in the hopes to alleviate the anti-competition fears, to which the commission commented it wouldn’t be “an effective remedy.”

READ: Rogers Outage Is Relevant To The Pending Shaw Merger, Says Competition Tribunal

When Reuters contacted Rogers about the verdict, they declined to comment, and Shaw and the Competition Bureau did not reply to requests for comment.

Rogers Communications Class B Shares last traded at $57.21 on the TSX.


Information for this briefing was found via Reuters and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

AngloGold Buys Another Gold Junior! Augusta Gold Acquired For $197 Million

Another Gold Deal! Aris Mining Sells Assets To McFarlane

Royal Gold Goes Big | $3.5 Billion Sandstorm Acquisition

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

Rogers Implements Voluntary Buyouts For Employees Following Shaw Merger

In an effort to streamline its corporate operations after acquiring Shaw, Rogers Communications (TSX: RCI.B)...

Wednesday, July 5, 2023, 11:50:00 AM

BMO Cuts Roger Communications’ Price Target After Boardroom Drama Flares Up

On October 8th, The Globe and Mail reported on the recent and abrupt departure of...

Sunday, October 17, 2021, 01:07:00 PM

Rogers Communications Sees Ousted Chairman Look To Restructure Board Through Control Trust

It appears that there is a battle for control raging at one of Canada’s largest...

Friday, October 22, 2021, 09:13:52 AM

Rogers Saw Q2 2025 Net Income Collapse By 62%

Rogers Communications (TSX: RCI.B) reported its Q2 2025 earnings this week, toplined by a 2%...

Sunday, July 27, 2025, 09:22:00 AM

Competition Bureau Sues Rogers For Falsely Advertising “Unlimited” Data Plans

The Competition Bureau of Canada has filed a legal suit against Rogers Communications Inc. (TSX:...

Tuesday, December 24, 2024, 07:29:49 AM