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Telephone and Data Systems shares are trading higher after the company announced that it is no longer pursuing the acquisition of the common shares of Array Digital Infrastructure that it does not already own and has withdrawn its previously announced proposal.
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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)
JP Morgan Maintains Overweight on Telephone and Data Sys, Lowers Price Target to $48
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