Cable / Telecom News

Rogers to buy back 3.2M non-voting shares

TORONTO - Rogers has agreed to purchase for cancellation 3,200,000 of its outstanding Class B non-voting shares for an aggregate purchase price of $100,231,680, which it says is at a discount to the current market price of the Class B shares.The transaction represents approximately 0.73% of the Class B shares outstanding at February 28, 2011.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