Furthermore, TELUS voting shareholders have already spoken on this matter. This past May, TELUS was forced to withdraw its share conversion proposal because it faced certain rejection by shareholders. Now, TELUS has returned to shareholders with the same proposal, except this time, TELUS has lowered the historical voting threshold in an effort to force through the transfer of wealth and voting rights to the holders of the non-voting shares. This tactic is oppressive to voting shareholders and raises serious fiduciary concerns. It begs the question, just how far will TELUS go to advance the interests of non-voting shareholders over voting shareholders?ON THE QUESTION OF A FAIR EXCHANGE RATIO, MASON IS FULLY ALIGNED WITH THE INTERESTS OF ALL VOTING SHAREHOLDERS
(Graphic: Business Wire)
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