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TELUS Digital Files Management Information Circular and Announces Receipt of Interim Order In Respect of Arrangement with TELUS Corporation
TELUS Digital’s independent Special Committee unanimously recommends that shareholders vot...
About this update from Telus Corporation
[{"type":"text","content":"TELUS Digital Files Management Information Circular and Announces Receipt of Interim Order In Respect of Arrangement with TELUS Corporation\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }\n \n\n\n\n\n TELUS Digital’s independent Special Committee unanimously recommends that shareholders vote IN FAVOUR of the Arrangement\n \n\n\n\n Arrangement provides a 52.0% premium over the unaffected price, with multiple consideration options available to shareholders\n \n\n\n\n\n TELUS International (Cda) Inc. (“TELUS Digital”) (NYSE & TSX: TIXT) today announced that it has filed its management information circular (the “Circular”) and accompanying materials in connection with the special meeting of shareholders (the “Special Meeting”) to be held virtually at 9:00 a.m. (Vancouver time) on October 27, 2025 to consider the proposed arrangement with TELUS Corporation (“TELUS”) (TSX: T, NYSE: TU) (the “Arrangement”). TELUS Digital also announced that on September 17, 2025, the Supreme Court of British Columbia granted an interim order in respect of the Arrangement, authorizing the calling and holding of the Special Meeting and setting out certain procedures to follow in respect of the Special Meeting.\n \n\n The Circular provides shareholders with comprehensive information regarding the Arrangement under which TELUS will acquire all outstanding multiple voting shares and subordinate voting shares of TELUS Digital not already owned by TELUS for US$4.50 per share, reflecting aggregate consideration of US$539 million.\n \n\n\n Immediate and Long-Term Value for Shareholders\n \n\n\n TELUS Digital’s Special Committee of independent directors (the “Special Committee”), having consulted with management and the Special Committee’s legal and financial advisors in evaluating the Arrangement, believes the Arrangement provides more immediate value to minority shareholders on a risk-adjusted basis than is expected to be realizable by TELUS Digital as a stand-alone entity in the foreseeable future. The Arrangement is expected to enable enhanced AI and SaaS transformation capabilities across TELUS’ telecommunications, health, and agriculture and consumer goods businesses, while accelerati...