‘We’ll spend every penny,’ Rogers sister warns amid family war

‘We’ll spend every penny,’ Rogers sister warns amid family war

Chairman of the board John MacDonald mentioned in a separate assertion on Saturday that Edward Rogers plans to carry a ‘purported board assembly’ together with his new slate of administrators however that the assembly is ‘not legitimate’

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The battle that’s tearing aside Rogers Communications Inc. has escalated, with former chairman Edward Rogers claiming he has regained management of the board and his sister warning that relations will “spend each penny” to cease his energy play.

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Edward Rogers mentioned late Friday that he had delivered a shareholder decision to switch 5 current administrators instantly, together with John MacDonald, who changed him Thursday as chairman, with 5 of his personal allies.

Edward Rogers has voting management of the Canadian cable and wi-fi agency as a result of he’s chairman of a household belief that owns a lot of the voting shares.

However attorneys for the corporate and for Edward’s sister, Melinda Rogers-Hixon, mentioned the transfer has no authorized impact as a result of native company regulation doesn’t permit him to unilaterally change the board of a public firm on a second’s discover.

  1. Edward Rogers, the son of company founder Ted Rogers, is seeking to replace current directors with five of his own choices, according to people familiar with the matter.

    Rogers chairman seeks to replace five members of the board, sources say

  2. The Rogers logo at the company's head office in Toronto.

    Edward Rogers defeats family attempt to limit his voting power

  3. Edward Rogers following the annual general meeting of Rogers Communications in 2019.

    Edward Rogers makes his move: Can he succeed in replacing members of the board that just ousted him as chairman?

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In a collection of tweets early Saturday morning, one other sister, Martha Rogers, made it clear she and her allies within the dispute — together with Melinda Rogers-Hixon and their mom, Loretta Rogers — are at battle with Edward Rogers and those that’ve lined up behind him.

“We’ll spend each penny defending the corporate, staff & Ted’s needs, nothing you are able to do will deter us,” Martha Rogers wrote, referring to the youngsters’s late father, firm founder Ted Rogers.

She known as on Edward Rogers to step down and wrote: “I’m guessing Ed’s PR disaster agency, hordes of attorneys + Trump supporters will come for me — let’s go.”

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Turmoil has gripped the corporate for weeks since Edward Rogers made a push to fireplace Chief Government Officer Joe Natale. The plan failed when different administrators, together with two sisters and his mom, blocked it. Ever since then, it’s been fixed battle contained in the Rogers household, disrupting the corporate as it really works towards getting regulatory approval for a proposed $16 billion takeover of rival Shaw Communications Inc.

Rogers Communications mentioned in an announcement Friday that Edward Rogers’s try to switch the 5 impartial administrators is “invalid” and the 14-person board hasn’t modified. MacDonald mentioned in a separate assertion on Saturday that Edward Rogers plans to carry a “purported board assembly” together with his new slate of administrators however that the assembly is “not legitimate”.

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Walied Soliman, a lawyer and chairman of Norton Rose Fulbright in Canada, who’s representing Rogers-Hixon within the combat, mentioned he additionally believes the board stays intact.

“Any assertion that the impartial administrators of Rogers may very well be eliminated by a written decision is solely false at regulation,” Soliman mentioned in an emailed assertion on Friday. “The board of RCI stays constituted precisely the identical because it was yesterday. The change that Edward Rogers is searching for will conservatively take many months.”

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