{"schema_version":"secwatch.filing_event.v1","accession":"0001051512-26-000039","form_type":"8-K","ticker":"TDS","cik":"0001051512","company_name":"TELEPHONE & DATA SYSTEMS INC /DE/","filed_at":"2026-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:31.874244+00:00","generated_at":"2026-05-14T19:38:41.038975+00:00","sec_items":["8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.78,"calibrated_materiality_score":0.78,"confidence":"high","headline":"TDS proposes to acquire remaining ~18% of Array for 0.86 TDS shares per share","bullets":["TDS offers 0.86 TDS common shares for each Array share not owned; TDS currently owns 81.9% of Array stock.","Exchange ratio assumes prior spectrum sales totaling $1.177B close and Array pays $10.40/share dividend (~$900M) pre-close.","Transaction expected to be tax-free; subject to Array special committee, disinterested stockholder, and TDS stockholder approval.","TDS will not entertain third-party offers for Array; supports opportunistic spectrum monetization.","TDS engaged Wells Fargo as financial advisor and Sidley Austin as legal counsel."],"urls":{"canonical":"https://secwatch.observer/filing/0001051512-26-000039","json":"https://secwatch.observer/filing/0001051512-26-000039.json","markdown":"https://secwatch.observer/filing/0001051512-26-000039.md","text":"https://secwatch.observer/filing/0001051512-26-000039.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1051512/000105151226000039/0001051512-26-000039-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1051512/000105151226000039/tds-20260507.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T19:38:41.038975+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}