Telus wins legal fight against U.S. hedge fund -? Mason appeals decision

VANCOUVER - The Supreme Court of British Columbia today ruled that Telus’ largest investor, hedge fund Mason Capital Management, cannot hold a meeting of its shareholders to consider a proposal that could have blocked the company's share consolidation plan. The U.S. hedge fund which held 19% of Telus' voting shares as of March 31, is opposing Telus’ plan to consolidate its voting and non-voting stock on a one-for-one basis. The Court determined that the actions of Mason were contrary to law and that its proposed meeting and resolutions will not proceed. Telus maintains that Mason’s proposal to exchange non-voting shares...