Telus acquires Emergis
Date Closed
January 17, 2008
Lead Office
Montréal
Value
763.00 Million CAD
On January 17, 2008, 6886116 Canada Ltd., an indirect wholly-owned subsidiary of TELUS Corporation, completed the acquisition of Emergis Inc. in a transaction valued at approximately C$763 million. The acquisition was implemented by way of a takeover bid for all of the issued and outstanding common shares of Emergis (including common shares issuable upon the exercise or surrender of any options), at a price of C$8.25 per common share. These assets, combined with TELUS' world-class network, extensive IT infrastructure management capabilities, and credibility with business customers across the country, will accelerate growth in this sector.
McCarthy Tétrault LLP advised Emergis shareholders with a team led by Benjamin Silver.