BRIEF-Telephone and Data Systems Announces Proposal To Acquire Public Shares Of Array Digital Infrastructure

Telephone and Data Systems, Inc.
Array Digital Infrastructure, Inc.

Telephone and Data Systems, Inc.

TDS

0.00

Array Digital Infrastructure, Inc.

AD

0.00

May 8 (Reuters) - Array Digital Infrastructure Inc AD.N:

  • TELEPHONE AND DATA SYSTEMS ANNOUNCES PROPOSAL TO ACQUIRE PUBLIC SHARES OF ARRAY DIGITAL INFRASTRUCTURE

  • TELEPHONE AND DATA SYSTEMS INC: EACH ARRAY COMMON SHARE NOT OWNED BY TDS WOULD BE EXCHANGED FOR 0.86 OF A TDS COMMON SHARE

  • TELEPHONE AND DATA SYSTEMS : UNDER TERMS OF PROPOSAL, EACH ARRAY COMMON SHARE NOT OWNED BY TDS WOULD BE EXCHANGED FOR 0.86 OF A TDS COMMON SHARE

  • TELEPHONE AND DATA SYSTEMS INC: TRANSACTION IS EXPECTED TO QUALIFY AS A TAX-FREE REORGANIZATION

  • TELEPHONE AND DATA SYSTEMS INC: TDS DOES NOT INTEND TO SELL OR OTHERWISE TRANSFER ITS INTEREST IN ARRAY

Source text: ID:nPn364QN6a

Further company coverage: AD.N


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