Abstract

http://ssrn.com/abstract=2230528
 


 



Empty Voting Revisited: The Telus Saga


Wolf-Georg Ringe


Copenhagen Business School - Department of Law; University of Oxford - Faculty of Law

March 8, 2013

Journal of International Banking and Financial Law, 2013, Forthcoming
Oxford Legal Studies Research Paper No. 18/2013

Abstract:     
The recent conflict between Canadian telecommunications provider Telus and US-based hedge fund Mason Capital is the most recent illustration of 'empty voting' – a strategy whereby activist investors eliminate their risk exposure to shares in target companies to pursue idiosyncratic motives. As courts are struggling to find adequate solutions, regulators worldwide are called upon to provide reliable tools to this threat to shareholder voting.

Number of Pages in PDF File: 9

Keywords: empty voting, hidden ownership, Telus, dual-class shares, arbitrage, activist, hedge funds

JEL Classification: G32, G34, G38, K22, L22

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Date posted: March 12, 2013 ; Last revised: April 26, 2013

Suggested Citation

Ringe, Wolf-Georg, Empty Voting Revisited: The Telus Saga (March 8, 2013). Journal of International Banking and Financial Law, 2013, Forthcoming; Oxford Legal Studies Research Paper No. 18/2013. Available at SSRN: http://ssrn.com/abstract=2230528

Contact Information

Wolf-Georg Ringe (Contact Author)
Copenhagen Business School - Department of Law ( email )
Solbjergplads 3
Copenhagen, Frederiksberg 2000
Denmark
+45 3815 3808 (Phone)
+45 3815 2610 (Fax)
HOME PAGE: http://www.cbs.dk/en/research/departments-and-centres/law-department/staff/grjur
University of Oxford - Faculty of Law ( email )
Institute of European and Comparative Law
St Cross Building, St Cross Road
Oxford, OX1 3UL
United Kingdom
+44 (0) 1865 281792 (Phone)
+44 (0) 1865 281611 (Fax)
HOME PAGE: http://www.law.ox.ac.uk/profile/georg.ringe
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