Rogers A/B trade together for first time in years
I’ve paid attention to the trading patterns of Rogers Communication (RCI:TSX) A and B shares for the past 13 years or so, and this morning marks the first time that the voting and non-voting shares have traded within pennines of each other on the bid side of the market.
The corporate news out of Rogers regarding the health of Ted Rogers, one of Canada’s great business builders, makes the pattern all the more curious. It was only last summer that the market was placing a 16% premium on the Class A Voting shares (see prior post “Is Rogers Communications in play?” July 9-07).
We join all of the Rogers family in hoping that Ted will be up-and-at-em quickly, as one of the most energetic and driving business people Canada has ever seen.