Cable / Telecom News

Rogers to buy back another 3.1 million non-voting shares

TORONTO - Rogers has agreed to purchase for cancellation 3,100,000 of its outstanding Class B non-voting shares for an aggregate purchase price of $100,270,740, which it says is at a discount to the current market price of the Class B shares.The transaction represents approximately 0.69% of the Class B shares outstanding at November 30, 2010. Rogers already agreed to buy back an additional 1.2 million Class B shares late last month.  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 Commission.www.rogers.com