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Rogers Communications Inc. - Maclean Hunter Limited
On Wednesday, February 2, 1994, Ted Rogers, president and CEO of Rogers Communications (RCI), announced that a strategic merger was being sought with Maclean Hunter Limited (MHL). Over the course of the last several weeks, a private company controlled by Mr. Rogers had purchased a block of stock representing approximately 8 percent of the shares held by the public. The focus of the case is to formulate a presentation to RCI's board of directors, which discusses the price, strategy and terms of a planned offer to acquire all remaining MHL shares.