Getting your Trinity Audio player ready...
Jan 25 (Reuters) – Canadian telecom firm Telus Corp
said on Friday it had settled its dispute with investor Mason
Capital Management LLC, and will go ahead with its share
consolidation plan.
Mason, a U.S. hedge fund, had tried to block the scheme to
consolidate Telus’ voting and non-voting shares on a one-for-one
basis.
Telus said the two sides have agreed to halt their legal
battle and that their agreement “does not involve the payment of
funds to either party.”
