Telus says non-voting stocks will be converted to common shares on Feb. 4
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January 25, 2013 - 6:29 AM
VANCOUVER - Telus Corp. (TSX:T) is moving ahead with its plan to eliminate its non-voting publicly listed stock. It will exchange one common share for each non-voting share (TSX:T.A) on a one-for-one basis, on Feb. 4. The plan had been opposed by New York-based fund manager Mason Capital, which argued voting shares should have been given a higher value than non-voting shares. Telus says the two companies have agreed to abandon all litigation on the matter.
News from © The Canadian Press, 2013