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Third quarter consolidated financial results include adjusted EBITDA 1 of $644 million along with year-to-date free cash flow 1 of $670 million The Company remains focused on balancing growth and profitability while investing in our networks and deliverin...
CALGARY, Alberta, June 30, 2022 (GLOBE NEWSWIRE) -- Shaw Business today announced the launch of Fibre+ Gig 2.0, a two gigabit-per-second (Gbps) internet tier that gives businesses of all sizes across Western Canada access to the speed and bandwidth they need to connect their data-heavy appl...
Zendesk to be acquired by an investor group led by investment firms Permira and Hellman & Friedman in an all-cash transaction valued at approximately $10.2 billion. The price that Zendesk finally settled for was 40% below the midpoint of the original offer made by the same group o...
As the second quarter comes to a close, footwear and sports apparel giant Nike (NKE) leads next week’s slate of earnings releases. Semiconductor maker Micron Technology (MU) also makes the list of bellwether companies announcing their results, along with a pair of household names in th...
Rogers Communications (NYSE:RCI) stock rose 4% Tuesday after Canaccord Genuity upgraded it to Buy from Hold but trimmed its price target to C$69 from C$71. This followed Shaw Communications' (SJR) sale of Freedom Mobile to Quebecor (OTCPK:QBCRF) at an enterprise value of C$2.85B. Canacc...
Shaw Communications (NYSE:SJR) is up 8% after the analysts at Canaccord Genuity Group upgraded the stock to Buy from Hold rating in a research note issued on Tuesday. The recent media reports disclosed Canada's antitrust agency wants to speed up its suit attempting to block Rogers C...
After rejecting two prior offers from Prologis, Duke Realty entered into a definitive agreement to be acquired by Prologis in an all-stock deal valued at $26 billion. Continental Resources received a non-binding proposal from its founder, Harold Hamm, to acquire all outstanding shares...
The proposed divestiture of Freedom Mobile to Quebecor will ensure the presence and viability of a strong fourth wireless carrier in Canada Quebecor brings an undeniable operational and competitive track record, as well as significant financial resources TORONTO and CALGAR...
Merger activity ground to a halt last week with no new deals announced. JetBlue sweetened its offer for Spirit. Oracle completed its massive $24.3 billion deal for healthcare software company Cerner. For further details see: Merger Arbitrage Mondays: The Bidding War For ...
Canada's antitrust agency reportedly wants to speed up its suit attempting to block Rogers Communications (NYSE:RCI) $15.8 billion purchase of Shaw (NYSE:SJR) with a hearing in five to six months. Competition Bureau Canada wants to follow an expedited process for the case, according to a Reut...
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S&P Dow Jones Indices Announces Changes to the S&P/TSX Composite and S&P/TSX 60 Indices S&P Dow Jones Indices Announces Changes to the S&P/TSX Composite and S&P/TSX 60 Indices Canada NewsWire TORONTO , April 3, 2023 /CNW/ - The shareho...
Brings together two iconic, entrepreneurial Canadian companies Creates on e national cable, media, and wireless company Unlocks billions in investment to bring significant benefit to Canada and Canadians TORONTO, April 03, 2023 (GLOBE NEWSWIRE) -- Rogers Communic...
MONTRÉAL and CALGARY, Alberta, April 03, 2023 (GLOBE NEWSWIRE) -- Quebecor Inc. (“Quebecor”) and Shaw Communications Inc. (“Shaw”) announced today that the acquisition of Freedom Mobile Inc. (“Freedom”) by Videotron Ltd. (“Videotron”), ...