Telus Acquires Emergis

Telus has made an offer to acquire Emergis for $766 million. Darren Entwistle, Telus' chief executive officer, told analysts on a conference call: "The biggest single industry opportunity that awaits Telus is in the health care industry. Despite significant investment, the health care industry is in the midst of a challenge that is of historical proportions."

The all cash takeover offer amounts to $8.25 per share which is 19% above the stock's previous close and the Emergis board is recommending that shareholders accept the bid.

I think this a good move by Telus. The telecom industry is changing dramatically and in order to survive the incumbent telcos must diversify and develop new business models.

Rick McCharles
Telecom Consultant, Toronto
RIC Services

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