TDS offers all-stock deal to buy remaining Array Digital shares at 0.86 exchange ratio
Telephone and Data Systems, Inc.
Array Digital Infrastructure, Inc.
Telephone and Data Systems, Inc. TDS | 0.00 | |
Array Digital Infrastructure, Inc. AD | 0.00 |
- TDS proposed an all-stock merger to buy remaining Array Digital Infrastructure common shares it does not already own.
- Offer terms set exchange at 0.86 of a TDS common share for each Array common share not owned by TDS.
- Exchange ratio assumes previously announced spectrum license sales close before deal completion.
- Proposal also assumes Array pays a USD 10.40 per-share dividend before closing, about USD 900 million in aggregate.
- Array formed a special committee of independent directors to evaluate proposal.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TDS - Telephone and Data Systems Inc. published the original content used to generate this news brief on May 08, 2026, and is solely responsible for the information contained therein.