This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Mason Capital Comments On B.C. Court Decisions

Mason Capital Management LLC (“Mason”) today announced that it will pursue appeals of the decisions rendered yesterday by the Supreme Court of British Columbia regarding the shareholders meeting of TELUS Corporation (TSX:T; TSX:T.A; NYSE: TU) ("TELUS") scheduled for October 17, 2012. Mason believes that these decisions disenfranchise the TELUS voting shareholders. First, a simple majority vote for the voting shareholders on the TELUS arrangement is less than the law of British Columbia and TELUS’ articles require, and less than TELUS offered when it first sought to collapse its dual class structure. Second, as a result of the orders sought and obtained by TELUS, the TELUS arrangement resolution and Mason’s proposals will be put to a vote without voting shareholders having been provided with complete information or a reasonable opportunity to consider and provide instructions on how their shares should be voted.



Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs