TELUS Corporation (TU) submitted a non-binding indication of interest to TELUS Digital (TIXT) on June 12, 2025, proposing to acquire all outstanding subordinate voting shares and multiple voting shares of TIXT not already owned by TELUS. The proposed price is US$3.40 per share, payable in cash, TELUS common shares, or a combination.
This offer represents a premium of approximately 15% to TELUS Digital's closing share price on the New York Stock Exchange on June 11, 2025. TELUS Corporation currently beneficially owns approximately 57.4% of all outstanding shares of TELUS Digital.
TELUS stated that closer operational proximity between the two entities would enable enhanced AI capabilities and SaaS transformation across its telecommunications, health, and agriculture & consumer goods sectors. The TELUS Digital board of directors has been asked to review the proposal and appoint a special committee of independent directors to evaluate it.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.