TORONTO – Rogers Communications announced plans to purchase for cancellation 2,880,000 of its outstanding Class B non-voting shares for an aggregate purchase price of $103,165,344 which is at a discount to their current market price.
The company said Wednesday that the transaction represents approximately 0.62% of the Class B shares outstanding at August 31, 2010.
The private purchase was made under an issuer bid exemption order issued by the Ontario Securities Commission.
