Cable & Telecom

Shaw family buys a million shares

CALGARY – The Shaw family today continued their practice of buying shares of the company JR Shaw founded. The family announced today it purchased a million class B non-voting shares (judging from the trading price this afternoon of about $24.08, that’s a $24 million spend). CEO Jim Shaw has said in the past the family believes the share price is too low and intends to keep on purchasing shares periodically. The Shaw family – or entities controlled by them – holds 23,009,624 Shaw Communications class B non-voting shares, or just over 11% of the total outstanding. The family owns control...