TELUS Corporation and TELUS Digital announced on September 2, 2025, that they have entered into a definitive agreement for TELUS to acquire all outstanding multiple voting shares and subordinate voting shares of TELUS Digital not already owned by TELUS. The acquisition price is US$4.50 per share, reflecting an aggregate consideration of US$539 million.
This revised offer represents a 52.0% premium over the unaffected price. Shareholders will have the option to elect to receive US$4.50 in cash, 0.273 of a TELUS common share, or a combination of US$2.25 in cash and 0.136 of a TELUS common share, subject to proration such that aggregate consideration includes no more than 25% in TELUS common shares.
TELUS Digital's Special Committee of independent directors unanimously recommended the arrangement, and the transaction has secured strong shareholder support, including from EQT, TELUS Digital's largest minority shareholder. The acquisition is expected to enable enhanced AI and SaaS transformation capabilities across TELUS’s telecommunications, health, and agriculture and consumer goods businesses, with closing anticipated at the end of October 2025.
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