Telus International files circular ahead of shareholder vote on proposed deal with Telus Corp

Telus International (Cda) (NYSE:TIXT [https://seekingalpha.com/symbol/TIXT]) Thursday said [https://seekingalpha.com/pr/20236676-telus-digital-files-management-information-circular-and-announces-receipt-of-interim-order-in] that it has filed its management information circular and accompanying materials in connection with the special meeting of shareholders to consider the proposed arrangement with Telus Corporation (NYSE:TU [https://seekingalpha.com/symbol/TU]).

Telus Digital also announced that on September 17, the Supreme Court of British Columbia granted an interim order respecting the arrangement, authorizing the calling and holding of the special meeting.

The circular gives shareholders details on Telus’s plan to buy all remaining shares of Telus Digital for $4.50 each, valuing the deal at $539 million.

The arrangement provides a 52.0% premium over the unaffected price, with multiple consideration options available to shareholders.

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