UPDATE: Mason says ISS changes course, recommends Telus shareholders "scrutinize" consolidation plan

NEW YORK - Is Institutional Shareholder Services (ISS) for or against Telus’ share consolidation plan? The proxy advisory firm back in April reiterated its recommendation to institutional clients that they vote in favour of the proposed plan that would eliminate Telus’ dual class share structure, but now appears to be contradicting itself, according to a news release sent out by the chief opponent of the plan, Mason Capital Management. On the weekend, Mason issued a response to a new report issued by the ISS it claims is now critical of the share consolidation plan which is to be voted on at a...