Telus says it will fight legal petition around foreign ownership rules | iNFOnews | Thompson-Okanagan's News Source

Current Conditions

Mostly Cloudy
11.9°C

Telus says it will fight legal petition around foreign ownership rules

A Telus employee speaks to customers at a Telus Mobility sales location in Toronto, May 5, 2011. THE CANADIAN PRESS/Darren Calabrese
July 11, 2012 - 11:49 AM

VANCOUVER - Telus Corp. (TSX:T) says it will fight a court petition filed by U.S. hedge fund Mason Capital Management seeking more information on the telecom's compliance with foreign ownership rules. The petition, filed with the Supreme Court of British Columbia on Tuesday, asks the court to order Telus to provide information about how shareholders voted on a proposal to eliminate the company's dual-class share structure.

News from © The Canadian Press, 2012
The Canadian Press

  • Popular penticton News
View Site in: Desktop | Mobile