Rogers shares slide as battle for control of board deepens

Shares in Rogers Communications Inc tumbled more than 6% on Monday as a family feud over the control of the board deepened after rival factions claimed they were in charge of one of Canada’s largest telecom companies.

Late on Sunday, former Chairman Edward Rogers issued a statement saying he intends to initiate legal proceedings in the British Columbia Supreme Court to confirm the shareholder resolution that created his reconstituted board.