Quote:
Originally Posted by FlameOn
So looks like Rogers borrowed $19B of $26B needed to acquire Shaw, and their rating is gonna get downgraded by S&P to a few steps above junk. Huge amounts of new debt means huge increase in cost savings or revenue expectations. Hm geez, I wonder wonder what Rogers is gonna do... Bad news for consumers, Shaw employees, and Canadians.
https://www.bloomberg.com/news/artic...g-s-huge-costs |
The deal should be rejected on that basis alone, it's ridiculous that they can borrow more than half of the money needed to buyout another company