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TDS Withdraws Array Share Exchange and Plans $524M Share Buybacks

Telephone and Data Systems logoTelephone and Data Systems
Sig2.60Sen+2.20Env0.00Soc0.00Gov+0.20

TDS has withdrawn its proposal to acquire Array shares it does not already own, meaning the proposed exchange would not issue TDS common shares to Array’s remaining public holders. TDS expects to recommence share repurchases under its programs, with about $523.9 million available as of June 30, 2026, while timing and amounts remain discretionary. TDS retains about 82% of Array ownership.

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