Telus, shareholder battle escalates with court petition

VANCOUVER – Telus shareholder Mason Capital Management LLC has upped the ante in its quest to force the telco to disclose its current foreign ownership levels. The U.S. hedge fund filed a petition with the Supreme Court of British Columbia this week seeking full disclosure of unredacted copies of the proxies submitted by Telus shareholders at its May 9 shareholder meeting. Mason said that Telus is obligated to disclose how shareholders voted on the now-withdrawn proposal to eliminate its dual-class share structure. At that time, Telus said that it decided against the move in large part because of a campaign...