Court sides with Shaw on Mountain Cable purchase

TORONTO – The purchase of Mountain Cablevision by Shaw Communications can go ahead. Justice James Newbould of the Ontario Superior Court of Justice today dismissed the motion filed by Rogers Communications seeking to block the acquisition based on a near decade-old non-compete arrangement it had with Shaw.The judge said Rogers had not established it could be caused irreparable harm by Shaw’s purchase, even though the judge recognized “that there is a serious question to be tried regarding the validity of the restrictive covenants,” wrote the judge in his decision.His decision also said “(t)here is no doubt that the acquisition of...