05:16:45 EST Wed 01 Dec 2021
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Rogers Communications Inc
Symbol RCI
Shares Issued 393,771,907
Close 2021-10-26 C$ 56.31
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Rogers, Ed Rogers to square off before judge

2021-10-26 20:53 ET - Street Wire

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by Mike Caswell

The dispute between Edward Rogers and Rogers Communications Inc. has landed in court, with Mr. Rogers filing a case in the Supreme Court of British Columbia over control of the company's board. Mr. Rogers is seeking an order that would require Rogers to accept his five appointees to the board. He says that he controls nearly all of the company's voting shares, but Rogers has refused to recognize his appointees.

The request from Mr. Rogers is contained in a petition filed at the Vancouver courthouse on Oct. 26, 2021. The petition comes amidst a very public dispute at the top levels of Rogers that has been under way for several weeks. The central issue is control over the company's board, with Mr. Rogers claiming that he has the right to appoint directors based on his control over a trust that holds 97.5 per cent of the company's voting shares.

The dispute, as set out in Mr. Rogers's petition, goes back to the spring of 2021, when Rogers struck a deal to buy Shaw Communications Inc. for $26-billion. It appears, at least from Mr. Rogers's petition, that the deal caused a stir in the boardroom at Rogers. The board began talking about replacing the company's chief executive officer, Joe Natale.

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