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

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note