Telus (TU) and Telus Digital (TIXT) today announced the successful completion of TELUS’ previously announced acquisition of all outstanding multiple voting shares and subordinate voting shares of TELUS Digital not already owned by TELUS, for $4.50 per share in cash and/or TELUS common shares, representing aggregate consideration of approximately $539M. Following closing, TELUS now owns 100% of TELUS Digital. The subordinate voting shares of TELUS Digital are expected to be delisted shortly from both the Toronto Stock Exchange and the New York Stock Exchange. TELUS Digital has applied to cease to be a reporting issuer under applicable Canadian securities laws and will deregister the subordinate voting shares under the Securities Exchange Act of 1934.
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