Dueling meetings fuel Telus, shareholder battle

VANCOUVER and NEW YORK - Telus is vowing to launch legal proceedings to quash a plan by U.S. hedge fund Mason Capital to hold its own shareholder meeting hours before the shareholder meeting that Telus has scheduled. Earlier this month, Telus called a court-approved shareholder meeting for October 17, where all of its shareholders, including Mason, will vote on its share exchange proposal. On Friday, Mason announced it had called another meeting for earlier that same day in order to establish a minimum premium to Telus’ voting shares to be paid to shareholders in any transaction to have one class...