Mason drops Telus shares, carrier open to new foreign investments

VANCOUVER - Telus says Mason Capital has dramatically reduced its shares in the company with its level of foreign ownership dropping from 33% to 15% (as of Nov. 16). As a result Telus says requests by non-Canadians for a reservation to purchase common shares are now being considered and approved, if they don’t risk causing Telus to exceed the foreign ownership threshold. It also noted a significant reduction in the short positions being held of its common and non-voting shares. Mason, a New York hedge fund that owned almost 20% stock in the carrier, battled for months to thwart Telus’...