Telus urges shareholders to reject TRC Capital’s mini-tender offer

VANCOUVER – Telus is asking its shareholders to turn down an unsolicited mini-tender offer made by TRC Capital Corporation.The company said that TRC Capital is seeking to purchase up to 3 million Telus common shares, or approximately 0.51% of the company's outstanding common shares, at a price below market price for Telus shares.“The offer represents a discount of 4.52% on the TSX closing price and 4.58% on the NYSE closing price for Telus common shares on May 2, 2017, the last trading day before the mini-tender offer was commenced”, reads the statement by Telus.The statement added that TRC Capital has...