TORONTO, Sept. 1,
2022 /CNW/ - The shareholders of TELUS Corp (TSX: T)
(NYSE: TU) and LifeWorks Inc. (TSX: LWRK) have agreed to a merger
by plan of arrangement. Each share of LifeWorks will be exchanged
for 0.5321 shares of TELUS and C$16.50 cash.
LifeWorks will be removed from the S&P/TSX Composite Index
prior to the open of trading on September 7,
2022. The shares outstanding of TELUS will be increased in
all S&P/TSX indices at the same time to reflect the issuance of
shares. The new shares outstanding will be 1,412,706,694 and the
IWF will remain 1.
For more information about S&P Dow Jones Indices, please
visit www.spdji.com
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for
essential index-based concepts, data and research, and home to
iconic financial market indicators, such as the S&P
500® and the Dow Jones Industrial Average®.
More assets are invested in products based on our indices than
products based on indices from any other provider in the world.
Since Charles Dow invented the first
index in 1884, S&P DJI has become home to over 1,000,000
indices across the spectrum of asset classes that have helped
define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE:
SPGI), which provides essential intelligence for individuals,
companies, and governments to make decisions with confidence. For
more information, visit www.spdji.com.
SOURCE S&P Dow Jones Indices LLC.