TDS withdraws Array acquisition proposal; to resume share repurchases

TELEPHONE & DATA SYSTEMS INC /DE/

TDS withdraws proposal to acquire Array (AD) shares it doesn't own; had offered 0.86 TDS share per Array share.
TDS retains ~82% ownership in Array; will continue to support Array's spectrum monetization efforts.
TDS expects to recommence share repurchases; $523.9M remained under programs as of June 30, 2026.
Additional $500M repurchase authorization announced Nov 2025; timing and amount at TDS discretion.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.