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Shaw boosts stake in ICT to 9.5%

Shaw Cablesystems Ltd. said in a filing with the Securities & Exchange Commission that it has increased its interest in Intl. Cablecasting Technologies Inc. to 9.5%.

According to the filing, Shaw purchased 890,000 additional common shares of the company between Nov. 20 and Jan 4. at prices from $ 5.75 to $ 6.375 a share.

Shaw’s stake and that of an affiliated group of investors totals 12%.

Shaw now owns 3 million shares and the entire group holds 3.72 million shares.

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