Reported Earlier, TDS Drops Plan To Buy Rest Of Array, Keeps 82% Stake, Plans To Resume Share Repurchases
Telephone and Data Systems, Inc. (NYSE:TDS) (the "Company" or "TDS") today announced that it is no longer pursuing the acquisition of the Common Shares of Array Digital Infrastructure, Inc. (NYSE:AD)
TDS decided not to buy the rest of Array company anymore, but will keep the big piece it owns. Now TDS can use money to buy back its own shares instead, which can be good for people who already own TDS stock.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.