B.C. Supreme Court approves Telus' share consolidation vote

VANCOUVER - Telus has announced that the Supreme Court of B.C. has given approval for it to proceed with a vote on its share exchange proposal despite an appeals court ruling that sided with U.S. hedge fund investor Mason Capital. The Supreme Court of B.C. rejected Mason Capital’s attempt to challenge Telus’ share exchange proposal says Telus. The Court confirmed the validity of the order it had initially granted to Telus enabling the company’s shareholders to vote on its proposal to exchange non-voting shares for common shares on a one-for-one basis. The proposal requires approval of two-thirds of the company’s...