TELUS International (Cda) (TIXT) Company Report

TELUS Corporation completed the acquisition of all outstanding shares of TELUS International (Cda) Inc. (TELUS Digital) not already owned by TELUS on October 31, 2025.
The transaction was valued at approximately US$539 million, with shareholders receiving US$4.50 per share in cash and/or TELUS common shares.
Following the completion, TELUS now holds 100% ownership of TELUS Digital.
The integration is expected to generate approximately $150 million annually in operational efficiencies.
TELUS Digital's subordinate voting shares are anticipated to be delisted from the Toronto Stock Exchange on or about November 4, 2025, and from the New York Stock Exchange on or about November 10, 2025.

Oct 31, 2025, 11:08 AM

6-K

TELUS Digital Shareholders Approve Plan of Arrangement with TELUS Corporation

TIXT

M&A

Proxy Vote Outcomes

Takeover Bid

Shareholders of TELUS Digital approved a special resolution for a plan of arrangement with TELUS Corporation at a special meeting held on October 27, 2025.
The arrangement involves TELUS Corporation acquiring all of the issued and outstanding shares of TELUS Digital that it and its affiliates do not already own.
The resolution required approval by at least two-thirds of the votes cast by holders of subordinate voting shares and multiple voting shares, and a simple majority of votes cast by holders of subordinate voting shares, excluding certain minority security holders.
Following the approval, TELUS Digital will operate as a private arm of TELUS Corporation.

Oct 27, 2025, 4:00 PM

Transcript

TELUS Digital Shareholders Approve Plan of Arrangement with TELUS Corporation

TIXT

M&A

Takeover Bid

Proxy Vote Outcomes

TELUS Digital held a special meeting on October 27, 2025, to consider and vote on a plan of arrangement with TELUS Corporation.
The arrangement involves TELUS Corporation acquiring all issued and outstanding shares of TELUS Digital that it and its affiliates do not already own.
The special resolution approving the arrangement passed resoundingly, with approximately 98% of eligible votes represented at the meeting.
Following the approval, TELUS Digital will become a private arm of TELUS Corporation.

Oct 27, 2025, 4:00 PM

Transcript

TELUS Digital Shareholders Approve Arrangement with TELUS Corporation

TIXT

M&A

Proxy Vote Outcomes

Delisting/Listing Issues

A special meeting of TELUS Digital shareholders was held to consider a plan of arrangement for TELUS Corporation to acquire all outstanding shares of TELUS Digital that it and its affiliates do not already own.
The company's Board of Directors, excluding those with declared interests, unanimously recommended that shareholders vote in favor of the arrangement resolution.
The special resolution approving the arrangement passed resoundingly, resulting in TELUS Digital becoming a private arm of TELUS Corporation.

Oct 27, 2025, 4:00 PM

Transcript

TELUS International (Cda) Shareholders Recommended to Vote FOR TELUS Corporation Agreement

TIXT

M&A

Proxy Vote Outcomes

Takeover Bid

Independent proxy advisory firms, including Institutional Shareholder Services Inc. (ISS), have recommended that TELUS International (Cda) shareholders vote FOR the proposed agreement with TELUS Corporation.
ISS highlighted the offer's attractiveness, noting a 51.8% premium over the unaffected share price and the unlikelihood of a superior offer.
The special committee of independent directors and the board of directors of TELUS International (Cda) also unanimously recommend voting FOR the agreement.
The extraordinary general meeting is set for October 27, 2025, with the proxy voting deadline on October 23, 2025.
Shareholders can elect to receive $4.50 USD in cash, 0.273 TELUS common shares, or a mixed consideration of $2.25 USD in cash and 0.136 TELUS shares per share, with the election deadline on October 22, 2025. Those who do not elect will receive the mixed consideration.

Oct 15, 2025, 1:10 PM

Press Release

TELUS Digital Announces Potential Delay in Management Information Circular Delivery Due to Canada Post Strike

TIXT

M&A

Proxy Vote Outcomes

Takeover Bid

TELUS International (Cda) Inc. ("TELUS Digital") announced a potential delay in the postal delivery of its management information circular and related materials due to a Canada Post labour strike.
This delay affects materials for a Special Meeting of shareholders scheduled for October 27, 2025, at 9:00 a.m. (Vancouver time), to consider a proposed arrangement with TELUS Corporation.
Shareholders are encouraged to access meeting materials electronically, and the proxy voting deadline is October 23, 2025, at 9:00 a.m. (Vancouver time).
The deadline for shareholders to elect their preferred consideration mix (Cash, Share, or Combination Consideration) for the proposed arrangement is October 22, 2025, at 9:00 a.m. (Vancouver time). Shareholders who do not make a valid election by this deadline will be deemed to have elected the Combination Consideration.

Oct 8, 2025, 12:04 PM

6-K

TELUS Digital Files Circular for Arrangement with TELUS Corporation

TIXT

M&A

Takeover Bid

Proxy Vote Outcomes

TELUS International (Cda) Inc. (TELUS Digital) has filed its management information circular and received an interim order for an arrangement with TELUS Corporation, under which TELUS will acquire all outstanding multiple voting and subordinate voting shares of TELUS Digital not already owned by TELUS.
The transaction is valued at US$539 million in aggregate consideration, with shareholders receiving US$4.50 per share, which represents a 52.0% premium over the unaffected closing price on June 11, 2025. Shareholders can elect to receive US$4.50 in cash, 0.273 of a TELUS common share, or a combination of US$2.25 in cash and 0.136 of a TELUS common share, subject to proration for share options.
The independent Special Committee and the TELUS Digital Board of Directors unanimously recommend that shareholders vote IN FAVOUR of the Arrangement. The transaction is supported by EQT, TELUS Digital's largest minority shareholder, holding approximately 37.7% of the outstanding subordinate voting shares.
A Special Meeting of shareholders is scheduled for October 27, 2025, to consider the Arrangement, which is expected to close at the end of October 2025 if approved.

Sep 18, 2025, 4:57 PM

6-K

TELUS International (Cda) Inc. Announces Acquisition by TELUS

TIXT

M&A

Takeover Bid

Delisting/Listing Issues

TELUS Corporation has entered into a definitive agreement to acquire all outstanding multiple voting shares and subordinate voting shares of TELUS International (Cda) Inc. (TELUS Digital) not already owned by TELUS for US$4.50 per share, reflecting aggregate consideration of US$539 million.
The US$4.50 per share price represents a 52.0% premium over TELUS Digital’s unaffected closing price on June 11, 2025. The transaction values TELUS Digital’s equity at approximately US$1.3 billion, with a total transaction value of approximately US$2.9 billion.
The transaction, which is expected to close in the fourth quarter of 2025, has received the unanimous recommendation of TELUS Digital’s independent Special Committee and the unanimous approval of its Board of Directors. Key minority shareholders, including EQT (holding approximately 31.0% of outstanding subordinate voting shares), have agreed to support the deal.