TELEPHONE & DATA SYSTEMS INC /DE/ — Form SCHEDULE 13D/A
Filed September 2, 2026 · analyzed by the Ownership Agent
SCHEDULE 13D/A
— Neutral
significance 42/100
What the filing says
On September 1, 2026, TDS announced withdrawal of its proposal to acquire Array Digital Infrastructure's public shares at an exchange ratio of 0.86 TDS shares per Array share. TDS will maintain its ~82% ownership stake in Array. TDS expects to resume its share repurchase program with $523.9 million available under authorization as of June 30, 2026.
Why this rating
Deal termination is moderate-sized relative to ~$3B market cap; buyback resumption is routine. No major operational or financial disruption.
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