Shaw family buys $25 million more of the company

CALGARY - Shaw Communications was advised today that the Shaw Family (its controlling shareholder), and entities owned or controlled by them, completed the purchase of an additional 1,000,000 Class B Non-Voting Shares of the company. Trading at around the $25.80 mark this morning, the transaction is worth about $25.8 million. Company CEO Jim Shaw and founder JR Shaw have told the financial community that they believe the share price is undervalued and the family will continue its practice of buying shares when it sees fit.According to information provided to the company, the Shaw Family, and entities owned or controlled by...