Cable / Telecom News

Shaw shareholder vote on Rogers deal scheduled for May 20

Advisory firms recommend shareholders vote in favour CALGARY — Shaw Communications announced today two independent proxy advisory firms, Institutional Shareholder Services Inc. (ISS) and Glass, Lewis and Co., have recommended that Shaw’s shareholders vote for the proposed business merger with Rogers Communications announced in March. The proposed $26-billion purchase deal would see Rogers acquire all of Shaw’s issued and outstanding Class A participating shares and Class B non-voting participating shares. Shaw says a special shareholder meeting will be held virtually on May 20 at 10 a.m. MT. The purpose of the meeting is for Class A and B shareholders to...