TELUS Corporation Completes Acquisition of TELUS International for $1.4B, Valuing Digital Arm at $2.3B

TELUS Corporation acquired TELUS International Inc. from Riel B.V. and others for approximately $1.4 billion. The consideration was $3.40 per share in cash, TELUS common shares, or a combination of both. TELUS Digital's board of directors formed a special committee to review the proposal, and Institutional Shareholder Services Inc. recommended TELUS Digital shareholders to vote for the proposed arrangement. The transaction was funded through a combination of cash on the balance sheet and debt financing.