Go to the Globe and Mail homepage

Jump to main navigationJump to main content

A pedestrian is reflected in the window of a Telus store while using a mobile phone in Ottawa February 11, 2011. (© Chris Wattie / Reuters/REUTERS)
A pedestrian is reflected in the window of a Telus store while using a mobile phone in Ottawa February 11, 2011. (© Chris Wattie / Reuters/REUTERS)

Telus says foreign ownership of company down, suggests Mason may have cut stake Add to ...

Telus Corp. says the non-Canadian ownership of its common shares is down, leading it to suggest that Mason Capital may have reduced its stake in the company.

Telus has been embroiled in a fight with the U.S. hedge fund over a plan to convert the telecommunication company’s non-voting shares into voting shares.

More Related to this Story

Mason has opposed the plan and demanded holders of the company’s voting shares receive a premium for their shares.

The investment firm disclosed in August that it held 18.7 per cent of Telus’s common shares.

Telus said Friday the non-Canadian ownership of its shares was about 15 per cent as of Nov. 16 compared with 32.59 per cent at June 29.

A spokesman for Mason Capital declined to comment.

Follow us on Twitter: @GlobeBusiness

In the know

Most popular videos »

Highlights

More from The Globe and Mail

Most popular