TELUS Fights Mason Capital’s Shareholder Meeting in Court

September 7th, 2012
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TELUS, the Canadian telecomminications company, is seeking a court order to prevent Mason Capital, a New York hedge fund conducting an invalid shareholder meeting the same day as its court-approved shareholder meeting. According to HedgeCo, TELUS called a shareholder meeting to conduct a vote on a proposal to collapse its dual-share classes to create a new common share class that would be listed on the NYSE.

TELUS has accused Mason Capital of staging the second meeting as a means to confuse shareholders and profit from a widening price spread between the two existing share classes. TELUS CFO, Robert McFarlene argues that the meeting scheduled by Mason Capital is invalid according to Canadian corporate law.
For Detailed Investor Profiles on these Investors, click below:
Mason Capital Management
Related People: Kenneth Garschina; Michael Martino
Related Entities: Mason Capital; Mason Sunnyside Credit Group LP
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles

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