Telus looking to acquire full ownership of Telus Digital

Telus announced last week it has submitted a non-binding indication of interest (IOI) to the board of directors of Telus Digital (formerly known as Telus International) to acquire all of the outstanding subordinate voting shares and multiple voting shares of Telus Digital not already owned by Telus for a proposed price per share of US$3.40. To be paid in cash, Telus common shares or a combination of both, the proposed price represents a premium of approximately 15 per cent to Telus Digital’s closing share price on the New York Stock Exchange on June 11, and a premium of approximately 23 per cent...