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Mason Capital Responds to TELUS' Complaint Filed With BCSC

Wednesday, May 2, 2012 4:51 PM

Mason Capital Management LLC (“Mason”) today issued the following statement in response to the diversionary and baseless complaint filed today by TELUS Corporation (TSX:T; TSX:T.A; NYSE: TU) with the British Columbia Securities Commission regarding Mason:

“It is unfortunate that TELUS continues to try to divert attention from the real issue, which is the value of control. Mason has made numerous disclosures and fully complied with its disclosure obligations, which make our position abundantly clear. We question TELUS' motivations in submitting a complaint to regulators shortly before its proposal is to be voted upon and making its complaint public before the regulators have had the opportunity to even consider or respond.”

Mason intends to vote against TELUS’ announced proposal to convert all of its Non-voting shares into Voting shares on a one-to-one basis. Mason believes TELUS’ proposal does not reflect the superior value of the Voting shares for which shareholders have historically paid a premium.

Mason Capital is a New York based investment fund with offices in New York, London and San Francisco and has been in business since 2000. Mason Capital has a long history of investing in Canada. It is the largest shareholder and is represented on the board of directors of ATS Automation Tooling Systems, a TSX-listed company.

(Source: Business Wire )
(Source: Quotemedia)


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