Court rules that Mason's Telus meeting can proceed

VANCOUVER - Mason Capital Management, the largest Telus shareholder, said it will go ahead with plans to hold a rival meeting of Telus shareholders after the British Columbia Court of Appeal today overturned an earlier court ruling. “We are pleased by the Court’s ruling, which fully vindicates our position that the voting shareholders of Telus should have the opportunity to vote on a fair exchange ratio share in a share collapse transaction," Mason said in a statement. It added that voting shareholders will now have the opportunity to have a “say on the critical issue of a fair minimum premium...