- Published at
- by finance.yahoo.com
positive
positive
Stifel ‘wouldn’t rule out’ competing bid for Telus International
After Telus Digital Experience (TIXT) confirmed the receipt of a proposal from Telus (TU) to acquire 100% of the outstanding shares of Telus Digital not already owned by Telus Corporation for $3.40 per share, Stifel noted that Telus in the past has reiterated no interest in buying back Telus Digital, but the bid “doesn’t come as a total surprise to us” given the opportunity for Telus to insource Telus Digital at a more favorable valuation and restructure it to focus on higher-growth, higher-marg