U.S. hedge fund wants Telus voting shareholders to have ‘acceptable’ premium

Canada Business – A dissident investor has requested a meeting of Telus’s voting shareholders to call for a premium for their support in consolidating the telecom company’s shares, a proposal Telus dismissed as the U.S. hedge fund’s latest “nuisance play” to interfere with its plans.

U.S. hedge fund Mason Capital has requested a special meeting to allow the voting shareholders to approve a minimum acceptable premium of 4.75 per cent.

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