Mason To Get Quick Appeal In Telus Battle

Sep 18 2012 | 12:19pm ET

Mason Capital Management is not giving up its fight against Telus Corp.'s planned share-consolidation plan.

The U.S. hedge fund has won the right to an expedited appeal of last week's Supreme Court of British Columbia ruling that blocks it from holding a meeting of the Canadian telecommunication company's shareholders in competition with a meeting planned by Telus itself. Mason, which owns 19% of Telus' voting shares, objects to the company's plan to impose a one-for-one exchange of non-voting shares for voting shares.

Mason has argued that the plan is unfair to voting share owners, including itself, who paid more for that privilege than non-voting share owners.

Mason's appeal will be heard on Oct. 4, just under two weeks before Telus shareholders are to vote on the company's plan.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…