09:51 AM EST - Rogers Communications : announced today that it, along with Bell Canada, is jointly acquiring a net 75% stake in Maple Leaf Sports & Entertainment (MLSE) from the Ontario Teachers' Pension Plan. Rogers' net cash commitment, following a planned leveraged recapitalization of MLSE, will total approximately $533 million, representing a 37.5% equity interest in MLSE, and will be funded with cash on hand at closing. In a concurrent transaction, KSI Investments, owned by Larry Tanenbaum, will increase its current 20% ownership interest in MLSE to 25%. Rogers Communications
shares T.RCI.A are trading even at $37.07.
