Morning Update: Rogers takeover of Shaw set to go ahead with Industry Minister’s approval of Freedom Mobile deal

News Snapshot:

Good morning, Federal Industry Minister François-Philippe Champagne is planning to approve the transfer of Shaw Communications Inc.’s Freedom Mobile to Quebecor Inc. with conditions on Friday morning. That paves the way for Rogers Communications Inc. to complete its $20-billion takeover of Shaw. The minister is expected to approve the transfer of Shaw’s wireless licences to Quebecor’s Videotron Ltd. with a number of conditions attached, as well as financial penalties associated with breaking those conditions, according to a source with knowledge of the announcement. The takeover of Shaw by Rogers, which would combine Canada’s two largest cable networks, was first announced...