07:29 AM EDT, 06/12/2025 (MT Newswires) -- Telus ( TU ) said Thursday that it has submitted a non-binding indication of interest to acquire all outstanding shares of Telus Digital it doesn't already own for $3.40 per share.

The company said it would pay the consideration in cash, Telus ( TU ) common shares, or a combination of both. The proposed price represents an about 15% premium over Telus Digital's closing price on Wednesday, the company added.

Telus ( TU ) also said it has requested Telus Digital's board to form a special committee of independent directors to evaluate the offer.

While no deal has been reached, Telus ( TU ) said it would structure the deal's financing to maintain its net debt-to-EBITDA leverage ratio.