TELEPHONE & DATA SYSTEMS INC /DE/ - 8-K Filing
On May 8, 2026, Telephone and Data Systems Inc. proposed to acquire all outstanding public shares of Array Digital Infrastructure Inc., which it does not already own (approximately 18.1%), through a merger in an all-stock transaction at an exchange ratio of 0.86 TDS common shares per Array share. The offer assumes $900 million will be distributed as a dividend to Array shareholders prior to closing, based on net proceeds from previously announced spectrum sales totaling approximately $1.177 billion. (Items: 8.01 Other EventsOn May 8, 2026, Telephone and Data Systems, Inc, 9.01 Financial Statements and Exhibits(d) The following exhibits are being filed herewith:Exhibit Number Description of Exhibits99)
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