Australia's Appen gets $830 mln buyout offer from Canada's Telus International

TELUS International (CDA)

25/05/2022 23:44

May 26 (Reuters) - Appen Ltd  APX.AX  said on Thursday it
received a non-binding buyout offer of A$9.50 a share from
Canadian business process outsourcing firm Telus International
CDA Inc  TIXT.TO , valuing the company at A$1.17 billion ($830
million).
    The Australian artificial intelligence firm, however, said
it was in discussions with Telus to seek an improvement in the
terms of the proposal.      
($1 = 1.4096 Australian dollars)

 (Reporting by Jaskiran Singh; Editing by Devika Syamnath)
 ((Jaskiran.Singh@thomsonreuters.com;))