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Stock impact report

Dye & Durham to acquire Australian technology vendor Link for $3.2-billion [Globe and Mail, The (Toronto, Canada)]

Telus Corporation Ordinary Shares (TU) 
Last telus corporation ordinary shares earnings: 2/13 06:45 am Check Earnings Report
US:NYSE Investor Relations: telus.com/en/about/investor-relations
The deal comes weeks after the acquisitive Toronto company, which specializes in providing software to the legal industry, bought Telus Communications Inc.'s payment solutions unit for $500-million. The deal caught the market off guard. One analyst on a hastily arranged conference call late Tuesday said he had “30 questions” to ask about the transaction. Dye & Durham said it would pay $5.50 Australian per share, a 15-per-cent premium to Link Group's closing price on Tuesday, funding the deal with a term loan equal to A$3.5-billion provided by a group of financial institutions led by Goldman Sachs Bank, J.P. Morgan Chase Bank and ARES Capital Corp. Ares has also agreed to buy $841-million Canadian of non-voting exchangeable preferred shares of Dye & Durham and C$109-million of common shares at C$53 per share, or 32 per cent higher than the company's closing price on Monday. The exchangeable shares will be converted to common stock at a price of C$60, or 50 per cent higher than Monda Show less Read more
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