Edward Rogers becomes the legitimate chair of Rogers Communications Inc. after winning a legal battle and family feud to take control of the Canadian company
Rogers Communications Inc has reinstated ousted Chairman Edward Rogers after a court backed his petition to constitute a new board, drawing curtains on a rare public battle for the control of a Canadian company even as the family feud showed no signs of ending.
The Supreme Court of British Columbia ruled in favour of Edward Rogers on Friday, handing a big victory to the late founder's son in a dispute that pitted him against his mother and sisters and had weighed on the stock. The rare public fight in the Canadian corporate world was sparked over the question of who should lead the company, and some analysts have raised concerns the dispute could potentially impact Rogers' $16.1 billion bid for rival Shaw Communications.
"Much has been written about Rogers CEO Joe Natale and his future," Edward Rogers said in a statement after Friday's ruling. "Mr. Natale remains CEO and a director of Rogers Communications and has the Board's support."In a short statement, Rogers Communications noted the court's decision and accepted Edward Rogers as the chair, and said Natale remained as CEO.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New Jersey truck driver Edward Durr's offensive social media posts emergeThe GOP candidate—who won a shock victory against Stephen Sweeney—previously called Islam a 'cult of hate' and its prophet Muhammad a 'pedophile' online.
Read more »
Supreme Court hears major gun control case reviewing limits to concealed carry lawsNBC’s Pete Williams, Joyce Vance, and Fred Guttenberg join Andrea Mitchell to discuss the Supreme Courts’ hearing involving a New York gun control law that requires “proper cause” to carry a handgun. “I listened to some of the questioning this morning, where they were trying to pierce through where are we safe and where aren’t we safe. My daughter died in school. Are they suggesting students in schools should be carrying guns?,” says Guttenberg.
Read more »
AT&T, Verizon to delay C-Band spectrum use pending air safety reviewAT&T Inc and Verizon Communications said they had agreed to delay by a month the commercial launch of C-band wireless service pending an assessment of any impact on aviation safety technologies.
Read more »
Stocks making the biggest moves midday: Moderna, Nvidia, Etsy and moreThese are the stocks posting the largest moves in midday trading.
Read more »
Stocks making the biggest moves premarket: Regeneron, Planet Fitness, ViacomCBS and moreThese are the stocks posting the largest moves before the bell.
Read more »