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M&A / Property

TELUS Digital Reminds Shareholders to Vote IN FAVOUR of Arrangement with TELUS Corporation

By The Northwire Desk — AI Analysis Oct 20, 2025 · 06:45 T · 21.48 TELUS CORPORATION
T · Price

Executive Summary

  • TELUS Digital’s independent Special Committee unanimously recommends shareholders vote in favour of the Arrangement whereby TEL US will acquire all outstanding multiple‑voting and subordinate voting shares of TELUS Digital for US$4.50 per share (aggregate consideration ≈ US$539 million).
  • The transaction represents a 52.0% premium to the unaffected price on June 11 2025 and a 62.6% premium to the 30‑day volume‑weighted unaffected price prior to June 12 2025, with multiple consideration options (cash, TELUS shares, or a combination).
  • The special meeting of shareholders is scheduled for October 27 2025; proxy voting deadline is October 23 2025. Leading proxy advisory firms (e.g., ISS) have endorsed the Arrangement.

Key Details

  • Transaction Structure: TELUS will acquire 100% of TELUS Digital’s multiple‑voting and subordinate voting shares not already owned by TELUS.
  • Consideration: US$4.50 per share, total ≈ US$539 million; shareholders may elect:
  • Cash only (US$4.50),
  • Share consideration (0.273 TELUS common shares per TELUS Digital share), or
  • Combination (US$2.25 cash + 0.136 TELUS shares).
  • Premiums: 52.0% over June 11 2025 unaffected price; 62.6% over the prior 30‑day VWAP.
  • Voting Schedule:
  • Record date: September 12 2025
  • Proxy voting deadline: 9:00 a.m. Vancouver time, October 23 2025
  • Special meeting: 9:00 a.m. Vancouver time, October 27 2025 (virtual).
  • Advisory Support: Independent proxy advisory firms, including ISS, recommend a “FOR” vote; the Special Committee and Board unanimously support the Arrangement.
  • Shareholder Instructions: Voting can be done online or via telephone; detailed instructions are in the management information circular.
  • Consideration Election Deadline: October 22 2025, 9:00 a.m. Vancouver time (registered shareholders). Failure to elect defaults to the Combination option.
  • Impact of Canada Post Labour Strike: Potential delays in physical delivery of the Circular; shareholders urged to access materials electronically via SEDAR+, EDGAR, or Envision website.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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