Rogers to buy back 1.2M non-voting shares

TORONTO - Rogers has agreed to purchase for cancellation 1,200,000 of its outstanding Class B non-voting shares for an aggregate purchase price of $40,761,720, which it says is at a discount to the current market price of the Class B shares.The transaction represents approximately 0.26% of the Class B shares outstanding at October 31, 2010. Rogers said last week that it had agreed to buy back an additional 1.3 million Class B shares. Pursuant to a private agreement between Rogers and an arm's-length third party seller, the purchase was made under an issuer bid exemption order issued by the Ontario Securities...