Overview

• Shareholders can elect $4.50 in cash, 0.273 Telus share, or a 50/50 mix, with stock consideration capped at 25% of the total.
• An independent special committee unanimously backed the agreement and the board approved it, with support from major minority holder Riel B.V.
• Closing requires court and regulatory clearances plus a two-thirds combined-class vote and a simple majority of subordinate voting shares excluding affiliates.
• A shareholder meeting is set for Oct. 27, 2025, and the companies target a fourth-quarter close if approvals are obtained.
• The revised price follows a June proposal at $3.40 and comes as Telus Digital’s shares have fallen over 90% since their 2021 US$25 IPO.