Telus and Mason settle, share plan to proceed

Fri Jan 25, 2013 9:19am EST

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."

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