Cable / Telecom News

B.C. Supreme Court orders joint meeting to consider competing proposals from Telus and Mason

VANCOUVER - At Telus' suggestion, the B.C. Supreme Court has ordered a joint shareholder meeting on October 17 to consider both its share exchange proposal and New York hedge fund Mason Capital's related resolutions, providing shareholders with the opportunity to compare and vote on the rival proposals. The order follows a B.C. Supreme Court decision provided orally by Master Muir with written reasons to follow. The court found it appropriate to have Telus and Mason Capital's resolutions voted on at the October 17 meeting and to allow proxies received by Telus from common shareholders voting in favour of the company's proposal...