Brief: Telus International Announces Agreement To Acquire Willowtree, A Full-Service Digital Product Provider

TELUS International (CDA)

27/10/2022 11:48

Oct 27 (Reuters) - Telus Corp  T.TO :
    * TELUS INTERNATIONAL ANNOUNCES AGREEMENT TO ACQUIRE
WILLOWTREE, A
FULL-SERVICE DIGITAL PRODUCT PROVIDER
    * TELUS CORP - AS PART OF TRANSACTION, MAJORITY STAKEHOLDER
INSIGNIA CAPITAL GROUP WILL SELL ITS STAKE IN WILLOWTREE
    * TELUS CORP - UNDER AGREEMENT, TELUS INTERNATIONAL WILL
ACQUIRE
WILLOWTREE FOR A TOTAL ENTERPRISE VALUE OF US$1.225 BILLION
    * TELUS CORP - DEAL FOR ENTERPRISE VALUE OF US$1.225 BILLION
    * TELUS - CASH PORTION OF DEAL WILL BE FINANCED, IN PART,
FROM
BORROWINGS UNDER TELUS INTERNATIONAL'S NON-RECOURSE CREDIT
FACILITIES

Source text for Eikon:  ID:nGNX3krSbV 
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