VANCOUVER and MONTREAL – Telus and Emergis will soon be one.
The companies today announced that a total of approximately 84,876,494 common shares of Emergis representing approximately 94% of the outstanding common shares (on a fully-diluted basis) were validly deposited to the $763 million offer to buy made by Telus, which expired at 5 p.m. (Eastern Standard Time) on January 16, 2008.
"We are very pleased with the strong acceptance of our offer," said Joe Natale, president of Telus Business Solutions, in a press release, "and we welcome the Emergis team and its CEO François Côté to the Telus team. We look forward to helping lead the transformation of health care in Canada by providing advanced electronic health record, claims processing and pharmacy solutions. In addition, Emergis’ strong suite of financial services solutions complements Telus’ strength in the financial services sector."
"This is a great opportunity for our employees and for the customers of both our organizations," added François Côté, president and CEO of Emergis. "Combining our proven capabilities with Telus’ customer base, strong brand, and financial resources positions us to lead the development of electronic solutions for the healthcare and financial services industries."
