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Shaw Still on Board With Rogers Merger, Despite Family Feud

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While reporting its financial results for the quarter, Shaw Communications Inc. said that it still plans on being acquired by Rogers Communications Inc. (RCI), and remains committed to closing the deal — reports Global News.

Shaw posted total revenue of $1.38 billion for the quarter ended August 31, up from $1.35 billion last year, along with a profit of $252 million (or 50 cents per diluted share). Shaw’s profit numbers grew over 40% year-over-year.

Brad Shaw, CEO, affirmed that the telco’s deal with RCI remains in place. As for the drama currently unfolding around RCI’s Board of Directors and the Rogers family that holds an overwhelming majority of its voting shares, Mr. Shaw declined to comment, noting it wouldn’t be appropriate.

Here’s a quick recap of the Rogers saga so far:

Rogers Communications’ proposed $16 billion USD takeover of Shaw Communications is currently being reviewed by the Competition Bureau and more.

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