Mason capital comments on telus press release regarding iss and glass
lewis reports
New york--(business wire)--mason capital management llc (“mason”) today issued the following statement in response to the press release issued today by telus corporation (tsx:t; tsx:t.a; nyse: tu) regarding the reports issued on april 23, 2012, by institutional shareholder services (“iss”) and glass lewis & co. (“glass lewis”) regarding the proposal by telus to convert all of its non-voting shares into voting shares on a one-to-one basis: “telus’ claims of iss and glass lewis support are premature. iss and glass lewis did not have the benefit of the reasons for voting against telus’ proposed share reorganization, which mason publicly announced yesterday. glass lewis has retracted their report and iss will review our analysis and rationale and update their recommendation accordingly. in addition, telus’ announcement that it is now offering cash for retail shareholder votes in favor of their plan only demonstrates that the right to vote has real value.” 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.
T Ratings Summary
T Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission