TELUS International Evaluates Acquisition Proposal from Parent Company TELUS Corporation

TELUS International (Cda) Inc has received a non-binding proposal from TELUS Corporation to acquire all outstanding shares not owned by TELUS. A special committee is reviewing the proposal, comprising six independent directors and advisors McCarthy Tétrault LLP, BofA Securities, and BMO Capital Markets. The process is ongoing, with no assurance of a binding offer or consummation of a transaction.

TELUS International (Cda) Inc. (TIXT) has announced the formation of a special committee to review an unsolicited non-binding proposal from TELUS Corporation to acquire all outstanding shares not owned by TELUS. The proposal, received on June 11, 2025, aims to acquire 100% of the outstanding multiple voting shares and subordinate voting shares of TELUS Digital.

The special committee, comprised of six independent directors, is chaired by the Company’s independent Lead Director and Audit Committee Chair. The committee has engaged McCarthy Tétrault LLP as its independent legal advisor, BofA Securities, Inc. as its financial advisor, BMO Capital Markets as an independent valuator and financial advisor, and FGS Longview as communications counsel. These advisors were selected through a thorough review process focusing on independence, capabilities, credentials, reputation, and applicable financial and valuation expertise.

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. The committee welcomes shareholder feedback regarding the process and encourages inquiries to be directed to FGS Longview.

TELUS International cautions shareholders, others considering trading in TELUS Digital’s securities, and other key stakeholders that no decisions have been made regarding the proposal. There is no assurance that any binding offer will be received, that any definitive agreement will be executed, or that the transaction will be approved or consummated. The company does not undertake any obligation to provide updates except as required under applicable law.

References:
[1] https://www.tipranks.com/news/company-announcements/telus-digital-forms-special-committee-to-review-acquisition-proposal
[2] https://www.joplinglobe.com/region/national_business/telus-digital-advances-special-committee-process-in-connection-with-telus-corporation-s-non-binding-proposal/article_2e9cb4d7-db77-50b4-9751-769bf858d729.html
[3] https://finance.yahoo.com/news/telus-digital-advances-special-committee-104500220.html
[4] https://www.businesswire.com/news/home/20250709663126/en/TELUS-Digital-advances-special-committee-process-in-connection-with-TELUS-Corporations-non-binding-proposal