CALGARY – Shaw Communications said today holders of its class A shares and class B shares voted overwhelmingly in favour of the company’s purchase by Rogers Communications.
The previously announced plan of arrangement for the proposed combination of the two companies was approved at the special meeting of Shaw’s shareholders held on May 20, 2021.
“Today marks an important milestone in the journey to combine Shaw and Rogers, creating a truly national network provider with far-reaching and multigenerational benefits for all Canadians,” said Brad Shaw, executive chair and CEO, in the press release.
“Shaw’s shareholders overwhelmingly supported the transaction and the high voter turnout, which exceeded 70%, represents a strong endorsement for the combination.”
In a statement released by Rogers CEO Joe Natale, he said: “Rogers and Shaw are coming together to build a world-class national network and create new jobs and investment in Western Canada, and I want to thank Shaw shareholders for voting in favour of a combined company that will have the scale and capabilities to achieve these goals. As we look to the future, we stand ready to make generational investments in networks and technology that will benefit all Canadians by bridging the rural and remote connectivity gaps, creating jobs, fueling innovation, and driving economic growth.”
