TELUS Digital Experience (TIXT) provided an update on its process in respect of the previously announced unsolicited non-binding proposal received on June 11, 2025 from TELUS Corporation (TU) to acquire 100% of the outstanding multiple voting shares and subordinate voting shares of TELUS Digital not already owned by TELUS Corporation. Subsequent to receiving the Proposal, TELUS Digital’s board of directors formed a special committee comprised of six independent directors to review, evaluate and consider the Proposal and any relevant alternatives. The Special Committee is co-chaired by the Company’s independent Lead Director and Audit Committee Chair. In addition, the Special Committee has engaged McCarthy Tetrault as its independent legal advisor and BofA Securities as its financial advisor in connection with the Proposal. BMO Capital Markets has been engaged as independent valuator and financial advisor to the Special Committee. FGS Longview has also been retained by the Special Committee as communications counsel. BMO Capital Markets and BofA Securities were each selected after a thorough review by the Special Committee of potentially qualified firms, with a focus on the relevant 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 Special Committee is committed to acting in the best interests of TELUS Digital and all shareholders and other key stakeholders and upholding the highest standards of governance throughout its review. The Special Committee welcomes shareholder feedback regarding the process.
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