M&A - TELUS CORP

Form Type: SCHEDULE 13D/A

Filing Date: 2025-06-12

Corporate Action: Acquisition

Type: Update

Accession Number: 000094787125000604

Filing Summary: On June 11, 2025, TELUS CORP submitted a non-binding indication of interest (Non-Binding IOI) to acquire all Subordinate Voting Shares and Multiple Voting Shares of TELUS International (Cda) Inc. that it does not already own. The proposed price per Share is US$3.40, payable in cash, common shares of TELUS, or a combination of both. This potential acquisition is contingent upon satisfactory due diligence, negotiation of transaction documents, and formal approval from the TELUS International board. The amendment also mentions that the proposed acquisition may lead to significant changes including a possible merger or extraordinary corporate transaction, alterations to the Board's composition, changes in capitalization or dividend policies, and potential delisting from the New York Stock Exchange. The overall goal encompasses reinforcing TELUS' strategic position and securing shareholder approval as necessary under applicable laws. No guarantees are provided regarding the finalization of the transaction or its terms.