Telus Digital Experience (TIXT) announced the receipt of an unsolicited non-binding proposal from Telus (TU) to acquire 100% of the outstanding multiple voting shares and subordinate voting shares of Telus Digital not already owned by Telus Corporation for a purchase price of $3.40 per share. The proposal is subject to several conditions, including satisfactory completion of due diligence, negotiation of a mutually acceptable acquisition agreement, securing support from key shareholders of Telus Digital and final approval of the Telus Corporation board of directors. Completion of the transaction contemplated by the Proposal is subject to compliance with applicable Canadian and U.S. securities laws, including receipt of a formal valuation, unless an exemption is available, and shareholder approval.
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