07:52 AM EDT, 09/02/2025 (MT Newswires) -- Telus ( TU ) (T.TO, TU) was up 1.15% in U.S. pre-market trading on Tuesday after saying it will acquire all of the shares of Telus Digital (TIXT.TO, TIXT) that it does not already own, for US$4.50 per share, up from its previous offer of US$3.40 per share in cash. TIXT was at last look up 14% in premarket at $4.44.

The transaction values Telus Digital equity at US$1.3 billion. Telus ( TU ) currently owns 6% of the subordinate voting shares and 92.5% of the multiple voting shares of Telus Digital.

Telus Digital shareholders can either elect to receive US$4.50 per share held in cash, or 0.273 of a Telus ( TU ) common share, or a combination of US$2.25 in cash and 0.136 of a Telus ( TU ) common share, a statement said.

The transaction has received the unanimous recommendation of a special committee of independent members of the board of directors of Telus Digital and the unanimous approval of Telus Digital's board, and is supported by EQT, Telus Digital's largest minority shareholder.

The transaction has an outside date for completion of Jan. 2, 2026.

Telus ( TU ) is up US$0.19 to US$16.68 in New York trading. It closed up $0.02, to $22.64, on the Toronto Stock Exchange, on Friday.

Telus Digital is up US$0.56 in pre-market trading. It closed up $0.06, to $5.32, on the Toronto Stock Exchange on Friday.