TORONTO—Rogers Wireless Communications Inc. shareholders have voted not to approve a transaction in which Rogers Communications Inc. would acquire all outstanding class B restricted public voting shares of RWCI, proposed in June.
“We believe that this proposal represented a fair value and significant opportunity for RWCI shareholder,” said Edward S. Rogers, president and chief executive officer of RCI. “With this public process now behind us, RWCI will go forward as a public company and will continue to operate the business to maximize value for all of its shareholders.”
RWCI, which operates under the name Rogers AT&T Wireless, is owned 51 percent by RCI, 33 percent by JVII Partnership (which is owned by AT&T Wireless Services), and 16 percent by the public.
