Canada's Shaw Communications Inc said on Monday that it would pay C$225 million ($220.71 million) to acquire a fiber-optic network in Calgary from city-owned power company Enmax Corp. Shaw said it plans to fund the purchase with cash and through an existing credit facility. CIBC World Markets advised Shaw and BMO Capital Markets advised Enmax.
Shares of SJR fell by 0.37% or $-0.09/share to $24.00. In the past year, the shares have traded as low as $18.25 and as high as $24.96. On average, 240642 shares of SJR exchange hands on a given day and today's volume is recorded at 342273.
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