CALGARY – The Shaw family, the controlling shareholders of broadcaster and animator Corus Entertainment recently purchased 820,000 class B non-voting shares of the company.
Given Wednesday’s closing price of $13.11, the shares would be valued at $10.75 million.
The Shaw Family, and entities owned or controlled by them, holds 7,283,014 shares of the company, now valued at about $95.5 million.
A year ago, that stake would have been worth $189.4 million (when Corus’ share price was $26).
“The Shaw family also advised the company it would continue its practice of purchasing shares on a regular basis,” reads the press release.
