RCI to Gain MLSE's Majority Control: How Should You Play the Stock?

Rogers Communications (RCI) , on Wednesday, announced that it plans to buy out Bell's 37.5% ownership stake in Maple Leaf Sports & Entertainment ("MLSE"), one of the leading sports and entertainment organizations in Canada. RCI's current deal with Bell is expected to close by mid-2025, making it the largest owner of MLSE with a 75% holding. Rogers will consider expanding its MLSE ownership further in the future. Its Bell stake buyout is valued at C$4.7 billion. The Bell stake buyout in MLSE is a major strat ...