Telus and Mason settle, share plan to proceed
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."
- Israel rejects ceasefire plan, source says as death toll nears 850 |
- Bad weather seen as probable cause of Air Algerie crash
- First Ebola victim in Sierra Leone capital on the run
- White House aide says Republicans might try for Obama impeachment
- EU edges to economic sanctions on Russia but narrows scope |