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TELUS International Soars 11.49% on Acquisition Bid
Generated by AI AgentAinvest Pre-Market Radar
Thursday, Jun 12, 2025 7:27 am ET1min read
On June 12, 2025,
surged by 11.49% in pre-market trading, marking a significant rise in its stock price.TELUS Corporation has submitted a non-binding indication of interest to acquire all outstanding shares of
at a price of $3.40 per share, representing a 15% premium over the closing price on June 11, 2025. This acquisition aims to enhance operational integration and drive AI and SaaS transformation across various sectors, including telecommunications, health, agriculture, and consumer goods. The proposed deal is expected to provide liquidity to Digital shareholders and strengthen TELUS' growth strategy and operational efficiency.Darren Entwistle, President and CEO of TELUS, emphasized that the acquisition will enable closer operational proximity, leading to enhanced AI capabilities and SaaS transformation. He also highlighted the importance of TELUS Digital as a key business unit within TELUS, known for its leadership in customer service excellence and digital transformation. The proposed transaction is anticipated to yield meaningful benefits for TELUS Digital, its customers, and investors.
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