09:54 AM EST - Shaw Communications Inc. : announced that it has entered into agreements to acquire for about $2 billion, 100% of the over-the-air and specialty television businesses of Canwest Global Communications Corp., including all of the equity interests in CW Investments Co., the Canwest subsidiary that owns the specialty television channels acquired from Alliance Atlantis Communications Inc. in 2007 or "CW Media Group". The company said that the total consideration includes about $815 million of net debt at CW Media Group. The remainder of the purchase price will be funded with cash on hand, which is currently in excess of $700 million, and through Shaw's existing credit facility. Shaw Communications Inc.
shares T.SJR.B are trading down $0.34 at $18.75.
