Rogers Wireless Communications Inc.’s independent committee of directors approved Rogers Communications Inc.’s offer for all outstanding Rogers Wireless class-B restricted-voting shares, the companies said Monday.
BMO Nesbitt Burns Inc. valued the shares at of $46-$54 apiece and determined that Rogers Communications’ offer was fair, from a financial point of view, to Rogers Wireless shareholders other than Rogers Communications and its affiliates.
Rogers Communications’ proposal is to exchange 1.75 Rogers Communications class-B nonvoting shares for each Rogers Wireless class-B share held.
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