Mason buys back shares in Telus - new sales may be on hold

VANCOUVER - After apparently selling off its shares in Telus last month, Mason Capital is now “re-establishing a significant long position in common shares and shifting their short position primarily to common shares,” reports Telus. The carrier cautions that due to the sudden increase in foreign ownership levels, Telus' transfer agent (Computershare) may not be able to approve new applications by non-Canadians to purchase Telus common shares, if that purchase would risk causing the company to exceed the federally mandated 33.3% foreign ownership level. Telus says the re-established long common share position at November month-end could allow Mason to avoid...