logo
  Join        Login             Stock Quote

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)

Advertisement
Advertisement



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.