The Globe & Mail reports that US hedge fund Mason Capital Management has hired Blackstone Group to seek a buyer for its near-19% voting stake in Canadian telecoms group Telus. Mason built up the stake, worth approximately USD2 billion, in a strategy aimed at profiting from blocking Telus’s proposal to introduce a single class of common shares in place of its current dual-share structure of non-voting/voting stock.
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OVETEL US hedge fund looks to sell near-19% Telus stake
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