Rogers

(Bloomberg) -- The escalating crisis at Rogers Communications Inc. has taken another extraordinary twist, with two different men claiming they are chairman and two factions of the Rogers family each saying they have control of the board.

Edward Rogers Wins Battle Over Votes But Family Feud Rages On © Bloomberg Edward Rogers Wins Battle Over Votes But Family Feud Rages On

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Edward Rogers was named chairman at a meeting in Toronto on Sunday night, according to a statement by a group that says it represents the “reconstituted board” with five new members.

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But the company says that meeting was not valid, the board’s membership hasn’t changed at all and John MacDonald remains the chairman.

It’s an unprecedented situation that is now headed to a courtroom. Edward Rogers said he’ll ask the British Columbia Supreme Court to confirm that he has the ability to appoint the 14-member board -- including those five new directors, who are all his allies.

That claim will be fought by his mother, Loretta Rogers, and two of his sisters, Martha Rogers and Melinda Rogers-Hixon, who say their son and brother does not have the power to fire directors and appoint new ones on a whim.

Canada’s largest cable and wireless firm has been in the grips of a family drama for weeks. It’s a battle for control of the boardroom, with Chief Executive Officer Joe Natale’s future and a $16 billion takeover of rival Shaw Communications Inc. hanging in the balance.


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Edward Rogers to take battle for Rogers Communications Inc. to B.C. Supreme Court

Source:The Star

Edward Rogers to take battle for Rogers Communications Inc. to B.C. Supreme Court

Shaw Shares Are Selling Well Below Deal Price Amid Rogers Drama

Source:Bloomberg

Shaw Shares Are Selling Well Below Deal Price Amid Rogers Drama