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TELUS Digital Evaluates Acquisition Proposal, No Decision Made
ByAinvest
Thursday, Jul 10, 2025 3:55 am ET1min read
TELUS Digital Experience has formed a special committee to review an unsolicited non-binding proposal from TELUS Corporation to acquire its shares. No decision has been made yet, and TELUS Digital advises stakeholders to exercise caution. The committee has engaged independent legal and financial advisors to evaluate the proposal and all relevant alternatives. Shareholders are urged to stay informed as the situation develops.
VANCOUVER, British Columbia, July 02, 2025 — TELUS Digital Experience (NYSE and TSX: TIXT) has announced the formation of a special committee to review an unsolicited non-binding proposal from TELUS Corporation (TSX: T, NYSE: TU) to acquire its shares. The proposal, received on June 11, 2025, involves TELUS Corporation acquiring all outstanding shares of TELUS Digital that it does not already own [1].The special committee, co-chaired by the company’s independent Lead Director and Audit Committee Chair, comprises six independent directors. The committee has engaged several advisors to assist with the evaluation process, including McCarthy Tétrault LLP as the independent legal advisor, BofA Securities, Inc. and BMO Capital Markets as financial advisors, BMO Capital Markets as the independent valuator, and FGS Longview as communications counsel [2].
TELUS Digital has cautioned that no decisions have been made regarding the proposal and that there is no guarantee that a binding offer will be received or that any transaction will be approved or completed. The company has noted that no action is required by shareholders at this time.
The special committee is committed to transparency and intends to share the independent valuator’s conclusions with shareholders in accordance with applicable securities laws in Canada and the United States. Shareholders are urged to stay informed as the situation develops.
TELUS Digital specializes in digital customer experiences, offering services including customer experience management, digital solutions, AI-fueled automation, and front-end digital design. The parent company, TELUS Corporation, has demonstrated strong financial stability, maintaining dividend payments for 42 consecutive years.
References:
[1] https://www.investing.com/news/company-news/telus-digital-forms-special-committee-to-review-telus-acquisition-bid-93CH-4127867
[2] https://finance.yahoo.com/news/telus-digital-advances-special-committee-104500220.html
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