Rogers Communications reinstates ousted chair after court backs his bid to shakeup board
VANCOUVER: Rogers Communications Inc on Friday 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, 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’ C$20 billion ($16.1 billion) bid for rival Shaw Communications.