TORONTO, April 3, 2023 /CNW/ - The shareholders of Rogers Communications (TSX: RCI.B) and Shaw Communications (TSX: SJR.B) have agreed to the terms of the Arrangement Agreement resulting in the combination of the two companies. Each share of Shaw Communications will be exchanged for $44.50 cash. Shaw Communications will be removed from the S&P/TSX Composite Index and S&P/TSX 60 Index after the close of trading April 5, 2023, prior to the open of trading on April 6, 2023.

WSP Global Inc. (TSX:WSP) will replace Shaw Communications in the S&P/TSX 60 Index effective prior to the open of trading on April 6, 2023.

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