Rogers Share Price Dips as Family Dispute Deepens Over Board Controlon October 27, 2021 at 6:04 pm

The Rogers family dispute over control of one of Canada’s telecom giants saw the company’s shares dip at the beginning of the week of Oct. 25, as the rift between former board chair Edward Rogers and his mother and two sisters descended into legal action. At the heart of the dispute is a disagreement over who has legitimate control of the company’s board. The Rogers family controls Rogers Communications Inc. (RCI) through a family trust that controls 97 percent of the voting shares in the company founded by Edward’s late father, Ted Rogers. Several members of the Rogers family, including Edward, his sisters Martha and Melinda, and mother Loretta have sat on the board since Ted Rogers died in 2008. RCI’s price per share lingered in the low $56–$57 range on Oct. 25 and 26, after plunging more than 6 percent from its $60.02 a share on Oct. 22. There was a slight …

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