TELUS Corp. (T.TO: Quote,TU: Quote) announced that Independent proxy advisory firm Institutional Shareholder Services Inc or ISS has reiterated its recommendation to institutional clients that they vote in favour of a proposed transaction that would eliminate TELUS' dual class share structure.
ISS originally issued the recommendation in a report issued April 23 . It has now updated its report after considering a dissident proxy circular issued by Mason Capital, a New York hedge fund seeking to defeat the proposal for its own short-term profit at the expense of other TELUS shareholders, and rejecting their position.
Click here to receive FREE breaking news email alerts for TELUS Corporation and others in your portfolio
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org