Why Shaw Communications Stock Soared on Monday
Shares of cable and wireless telecommunications company Shaw Communications (NYSE: SJR) surged on Monday. The stock rose as much as 46%. As of 2:45 p.m. EDT, however, the stock was up 38%.
The stock soared on news that telecommunications specialist Rogers Communications (NYSE: RCI) agreed to acquire all outstanding shares of Shaw as part of a merger.
Image source: Getty Images.
Source Fool.com