Cable / Telecom News

Rogers to buy back 1.3M non-voting shares

TORONTO - Rogers has agreed to purchase for cancellation 1,300,000 of its outstanding Class B non-voting shares for an aggregate purchase price of $44,515,380, which is at a discount to the current market price of the Class B shares.The transaction represents approximately 0.29% of the Class B shares outstanding at October 31, 2010.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