Oh dear.

In a late-afternoon announcement Appen said: "This afternoon, Telus informed us that they were revoking their Indicative Proposal. No reasons were given."

This doesn't look good, as everyone will be asking why Telus backed out so quickly. On the other hand, Appen also said "No confidential information was provided to Telus" so presumably Telus doesn't have any more information than they did when then made the proposal. I'm not sure what to make of it, but the share price tomorrow is surely (?) going to take a beating.

At any rate, that's the definition of "non-binding".

Disc: held. (Why didn't I sell earlier today...?)