Telus Settles Hedge Fund Row Over Revamped Share Structure

Law360, New York (January 25, 2013, 3:06 PM EST) -- Telus Corp. has settled a dispute with New York hedge fund Mason Capital Management LLC, one of its major shareholders, closing out litigation over the Canadian telecommunications giant’s plan to do away with its dual-share structure, it said Friday.

Mason Capital, a Telus shareholder, had mounted opposition to the new share scheme, which will roll voting and nonvoting shares on a one-for-one basis. The hedge fund had sought to rally other investors and block the plan, saying that because voting shareholders generally paid more for their...
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