New York-based hedge fund to vote against Telus share combination

Canadian Press – Telus Corp. is facing a challenge from a New York-based hedge fund that wants to stop the telecommunication company’s plan to create a single class of common shares.

Mason Capital said Tuesday in documents filed with regulators that it has acquired 18.7 per cent of Telus’ common shares, and will vote against a combination of Telus’ non-voting shares with its common shares.

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