Telus shareholders approve share consolidation plan - Mason to appeal

VANCOUVER - Telus shareholders have voted strongly in favour of a proposal to exchange the company's non-voting shares for common shares on a one-for-one basis says the telecom. But Mason Capital responded that it participated in the meeting under protest and would be appealing an earlier court decision which allowed the vote to take place. Of the total shares voted, 81.1% were in favour of Telus' share exchange proposal, with 62.9% of the 128.8 million common shares voting in favour, and 99.5% of the 127.7 million non-voting shares voting in favour. Excluding Mason's most recently reported voting block, 84.4% of...