Ms. Olena Lobach reports
TELUS DIGITAL RECEIVES A NON-BINDING PROPOSAL FROM TELUS CORPORATION
Telus Digital Experience (Telus International (Cda) Inc.) has received an unsolicited non-binding proposal from Telus Corp. to acquire 100 per cent of the outstanding multiple voting shares and subordinate voting shares of Telus Digital not already owned by Telus Corp. for a purchase price of $3.40 (U.S.) per share.
The proposal is subject to several conditions, including satisfactory completion of due diligence, negotiation of a mutually acceptable acquisition agreement, securing support from key shareholders of Telus Digital and final approval of the Telus Corp. board of directors. Completion of the transaction contemplated by the proposal is subject to compliance with applicable Canadian and United States' securities laws, including receipt of a formal valuation, unless an exemption is available, and shareholder approval.
Telus Digital's board of directors intends to form a special committee comprised of independent directors to carefully review, evaluate and consider the proposal.
Telus Digital cautions the company's shareholders and others considering trading in Telus Digital's securities that no decisions have been made with respect to the proposal. There can be no assurance that any binding offer will be received, that any definitive agreement will be executed relating to the transaction contemplated by the proposal, or that the transaction contemplated by the proposal or any other similar transaction will be approved or consummated. Telus Digital does not undertake any obligation to provide any updates with respect to any transaction, except as required under applicable law.
No action is required by Telus Digital shareholders at this time.
About Telus Digital
Telus Digital crafts unique and enduring experiences for customers and employees, and creates future-focused digital transformations that deliver value for the company's clients. It is the brand behind the brands. Telus Digital's global team members are both passionate ambassadors of its clients' products and services, and technology experts resolute in its pursuit to elevate their end customer journeys, solve business challenges, mitigate risks and drive continuous innovation. Telus Digital's portfolio of end-to-end, integrated capabilities include customer experience management, digital solutions, such as cloud solutions, AI-fuelled automation, front-end digital design and consulting services, AI and data solutions, including computer vision, and trust, safety and security services. Fuel iX is Telus Digital's proprietary platform and suite of products for clients to manage, monitor and maintain generative AI across the enterprise, offering both standardized AI capabilities and custom application development tools for creating tailored enterprise solutions.
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