BRITISH COLUMBIA

Non-voting shares in Telus delisted at NYSE now that it has one class of shares

02/04/2013 11:02 EST | Updated 04/06/2013 05:12 EDT
VANCOUVER - Non-voting shares in Telus Corp. (TSX:T) shares were delisted Monday from the New York Stock Exchange.

Telus, which now has just one class of common shares, trades on the New York Stock Exchange under the symbol TU.

On the Toronto Stock Exchange, Telus non-voting shares will be delisted on or about Feb. 8 and the common shares will start trading on the TSX on or about Feb. 11.

Telus fought a battle with U.S. hedge fund Mason Capital over its plan to consolidate its shares into a single class.

Mason lost its fight with Telus management to have the voting shares given a higher value than the non-voting shares in the consolidation.

At one time, the hedge fund was the largest shareholder in Telus, but has since reduced its stake.