TORONTO — Rogers Communications Inc. has extended the deadline of its $26-billion proposed merger with Shaw Communications Inc. to Dec. 31 as the company's second quarter profit jumps.On the company's earnings call with analysts Wednesday, CEO Tony Staffieri said the decision to move the date reflects the commitment it and Shaw have to getting the deal done.
The Rogers-Shaw deal has received approval from the Canadian Radio-television and Telecommunications Commission, but still needs to get the greenlight from the Competition Bureau and Innovation, Science and Economic Development Canada. Adjusted profits were $463 million or 86 cents per share, compared with $387 million or 76 cents per share in the second quarter of 2021.
Source: News Formal (newsformal.com)
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