VANCOUVER, BRITISH COLUMBIA, May 05, Marketwired via COMTEX -- VANCOUVER, BRITISH COLUMBIA-- Marketwired - May 5, - TELUS Corporation T TU, TELUS does not endorse this unsolicited offer, has no association with TRC Capital or its offer, and recommends that shareholders do not tender their shares to the offer. TELUS cautions shareholders that the mini-tender offer has been made at a price below market price for TELUS shares. The offer represents a discount of 4.

According to TRC Capital's offer documents, TELUS shareholders who have tendered their shares can withdraw their shares at any time before TRC Capital has made similar unsolicited mini-tender offers for shares of other public companies in Canada and elsewhere.

Both the Canadian Securities Administrators CSA and the U. Securities and Exchange Commission SEC have expressed serious concerns about mini-tender offers, including the possibility that investors might tender to such offers without understanding the offer price relative to the actual market price of their securities or without comparing the offer price to the current market price. For further information regarding regulatory perspectives on mini-tender offers, please see the following:.

Comments from the CSA on mini-tenders: SEC advisory on mini-tender offers: TELUS strongly encourages brokers, dealers and other market participants to exercise caution and review the letter regarding broker-dealer mini-tender offer dissemination and disclosures on the SEC website at www. TELUS requests that a copy of this news release be included in any distribution of materials relating to TRC Capital's mini-tender offer for TELUS shares.

T Stock Price - TELUS Corp. Stock Quote (Canada: Toronto) - MarketWatch

TELUS T TU, TELUS provides a wide range of communications products and services, including wireless, data, Internet protocol IP , voice, television, entertainment and video, and is Canada's largest healthcare IT provider.

TELUS was honoured to be named the most outstanding philanthropic corporation globally for by the Association of Fundraising Professionals, becoming the first Canadian company to receive this prestigious international recognition.

TELUS has been named to the Dow Jones Sustainability Index for the past 16 years, a feat unequalled by any other North American telecommunications company. As detailed in our TELUS Sustainability Report, our commitment to sustainability is inspired by nature to ensure a healthier future for us all.

Richard Gilhooley TELUS Media Relations richard. By using this site you agree to the Terms of Service , Privacy Policy , and Cookie Policy. Intraday Data provided by SIX Financial Information and subject to terms of use.

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My MarketWatch Watchlist Alerts Games Log In. New York Markets After Hours Market Snapshot Winners and Losers. Home Marketwire Canada Get email alerts. TELUS recommends that shareholders reject TRC Capital's "mini-tender offer".

For further information regarding regulatory perspectives on mini-tender offers, please see the following: About TELUS TELUS T TU, For more information about TELUS, please visit telus. More Coverage Do you need to pay off your mortgage before you retire? We Want to Hear from You Join the conversation Comment.

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