Topic: How To Invest

The Successful Investor Hotline – Friday, June 17, 2022

Article Excerpt

TELUS CORP., $28.69, Toronto symbol T, is a buy. The company is Canada’s second-largest wireless carrier, with 11.48 million users. That’s just behind BCE’s Bell Mobility (with 11.79 million users) and ahead of Rogers Communications (10.06 million users). It also sells landline phone, Internet, TV and home security services in B.C., Alberta and eastern Quebec. Telus is now buying LifeWorks Inc. (Toronto symbol LWRK). Formerly known as Morneau Shepell Inc., this firm sells software and computer systems that help businesses manage a variety of functions, including employee and family assistance, health and wellness, recognition, pension and benefits administration, retirement consulting, and actuarial and investment services. Telus will pay $2.3 billion in cash and shares. If you include LifeWorks’ debt of $600 million, the total cost of this purchase is $2.9 billion. To put that in context, Telus’s market cap is $40.5 billion. LifeWorks investors will have the option of receiving $33.00 in cash or 1.0642 Telus shares for each share they hold. However, Telus structured…

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