Rogers Share Price Dips as Family Dispute Deepens Over Board Control

Rogers Share Price Dips as Family Dispute Deepens Over Board Control
The Rogers Communications Inc. sign at the company's headquarters in Toronto on April 25, 2012. The Canadian Press/Aaron Vincent Elkaim
Isaac Teo
Updated:

The Rogers family dispute over control of one of Canada’s telecom giants already saw the company’s shares dip this week, as the rift between former chairman Edward Rogers and his mother and sisters descended into legal action.

At the heart of the dispute is a disagreement over who has legitimate control of the company’s board. The Rogers family controls Canadian telecom and media giant Rogers Communications Inc. (RCI) through a trust that holds 97 percent of the voting shares.