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SHAW COMMUNICATIONS INC. $37 is a hold. The company (Toronto symbol SJR.B; Utilities Sector; Shares outstanding: 498.7 million; Market cap: $18.5 billion; Dividend yield: 3.2%; Takeover Target Rating: Lowest; www.shaw.ca) recently accepted a takeover offer from rival cable TV and wireless carrier Rogers Communications Inc. (Toronto symbol RCI.B). Rogers is offering $40.50 a share in cash for each Shaw share held. (Shaw insiders will swap 40% of their voting shares for cash; 60% for Rogers stock.) The stock is trading below that offer, partly due to the turmoil over control of Rogers Communications by members of the Rogers family. A court has now ruled in favour of chairman Edward Rogers, which helps remove some of the fears that the deal would fail. Even though Rogers will probably have to sell Shaw’s wireless operations in Ontario, B.C. and Alberta to win regulatory approval for the deal, it expects to complete the takeover in mid-2022. Shaw Communications is a hold. ALCANNA INC. $9.44 is a hold. The company (Toronto symbol CLIQ; Consumer…