September 2004
Multichannel News;9/20/2004, Vol. 25 Issue 38, p53
This article focuses on industry stocks. Shares in Rogers Communications surged more than 8% in the days leading to last week after the Canadian telecom giant announced that it would acquire AT&T Corp.'s interest in a wireless-telephone partnership for about $1.4 billion. Rogers agreed to buy out AT&T's 34% interest in Rogers Wireless for $27.98 per share. Rogers had owned a 55.5% stake in the partnership. The stock climbed another 30 cents each to $19.56 on September 14, the day the deal was officially announced.


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