The Daily Chase: Air Canada posts record passenger revenue; Rogers-Shaw deal deadline extended
BNN Bloomberg
It appears Air Canada's operations returned to some semblance of normalcy in the key holiday quarter.
RESETTING THE COUNTDOWN CLOCK ON ROGERS-SHAW DEAL
Rogers, Shaw and Quebecor are again giving themselves more breathing room to complete that series of transactions that would see Rogers snap up Shaw for $20 billion, and subsequently offload the latter's Freedom Mobile unit to Quebecor's Videotron for $2.85 billion. This time, the outside date has been extended from today to March 31 – not an unexpected move, as the three parties are still waiting on a final approval from Industry Minister François-Philippe Champagne, who has said he is in no way beholden to the outside dates set by the companies when it comes to green lighting the deal. Worth noting Champagne's decision is the final approval needed to seal the deal for Rogers to buy up Shaw, with that $20 billion price tag the largest in Canadian telecom takeover history.
MACKLEM DEFENDS DECISION TO PAUSE ON RATES
