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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.