Analysts: Rogers-Shaw deal isn't dead despite regulator's opposition
BNN: 'Rogers Communications Inc.'s $20-billion takeover of Shaw Communications Inc. was thrown into doubt Saturday when the companies announced the Competition Bureau is opposing the transaction. But multiple analysts say the deal can still get done, and it's not just Quebecor Inc. that's being singled out as a potential solution to Rogers' regulatory headache.
'"Some immediately wondered if this was the final nail in the coffin of the merger," wrote National Bank of Canada Financial Markets Analyst Adam Shine in a report to clients Sunday evening, referring to the Competition Bureau's opposition. "It is not." Shine said he believes the odds are still more than 50 per cent that the takeover will get done, though he cautioned that Rogers shareholders should be prepared for "merger noise to perpetuate for more months" as the regulatory review process stretches out. "What’s the Competition Bureau thinking? We don’t know yet," Shine added in his report.'