TDS proposes all-stock merger to acquire remaining shares of Array Digital Infrastructure

Filed May 8, 2026 · Period ending May 7, 2026 · ~1 min read

Key Changes

• high

  TDS submitted a proposal to Array's board to acquire all outstanding shares it doesn't already own through an all-stock merger, signaling intent to take full control of the digital infrastructure company.

  Item 8.01 Press Release verify on EDGAR →
• medium

  The proposal was formally communicated via letter to Array's board on May 7, 2026, with public announcement following on May 8, 2026.

  Exhibit 99.1 verify on EDGAR →
• high

  Transaction would be all-stock, meaning TDS shareholders may face dilution depending on exchange ratio and Array's current valuation relative to TDS market cap.

  Item 8.01 verify on EDGAR →