Glass Lewish recommends Telus investors vote for share conversion proposal

Glass, Lewis & Co., LLC has reiterated its recommendation to institutional clients that they vote in favor of a proposed transaction that would eliminate TELUS' dual class share structure. This follows a positive recommendation reiterated separately by the other leading proxy advisory firm ISS. Glass Lewis originally issued the recommendation in a report posted on April 23. It withdrew the report a day later to consider 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 TELUS' numerous other shareholders, and rejected their position.

View Comments (0)

Recommended for You