TELUS Corporation (TU) and TELUS Digital (TIXT) announced on September 2, 2025, that they have entered into a definitive arrangement agreement. Under this agreement, 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.
The aggregate consideration for the transaction is US$539 million. This offer represents an increase from the initial non-binding proposal of US$3.40 per share made on June 12, 2025. The transaction has received the unanimous recommendation of TELUS Digital's special committee and board of directors.
The acquisition is subject to customary closing conditions, including shareholder and court approvals. This definitive agreement provides a clear path for TELUS Corporation to take full ownership of TELUS Digital, aiming to supercharge AI and SaaS transformation across the broader TELUS ecosystem.
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