Cable / Telecom News

Telus renews fight for share conversion proposal


VANCOUVER – Telus is offering its shareholders another chance to approve a plan that would see them attain equal voting rights. After dropping its original proposal in May, Telus said Tuesday that shareholders will be asked on October 17 to vote on a plan allowing them to exchange non-voting shares into common shares on a one-for-one basis.  The telco added that the plan will require approval from two-thirds of its non-voting share votes, and a simple majority of common share votes cast at the meeting. "With this proposal we are responding to the overwhelmingly positive support from shareholders since we introduced...