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Rogers set to buy Shaw in deal valued at $26 billion

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Rogers Communications Inc. has signed a deal to buy Shaw Communications Inc. in a deal valued at $26 billion, including debt.Under the plan, Rogers will pay $40.50 in cash for all of Shaw’s issued and outstanding class A and class B shares.

Rogers vows to keep Cogeco in Quebec as part of takeover proposal Shaw’s class B shares closed at $23.90 on the Toronto Stock Exchange on Friday.As part of the transaction, the companies said Rogers will invest $2.5 billion in 5G networks over the next five years across Western Canada.Rogers also says it will create a new $1-billion fund dedicated to connecting rural, remote and Indigenous communities across Western Canada to high-speed internet service. “This combination of two great companies will.

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