TDS Drops Array Bid

TDS has withdrawn its bid to acquire Array, a move that marks a significant shift in the company's strategy. The decision to withdraw the bid is followed by plans to resume buybacks, indicating a new direction for TDS. ## What changed TDS's decision to withdraw its bid to acquire Array is a notable change in the company's plans. The company had initially considered acquiring Array, but has now decided against it. ## Why it matters The withdrawal of the bid and the resumption of buybacks may have implications for TDS's future growth and investment strategy. It may also impact the company's financials and shareholder value. TDS's decision to resume buybacks suggests that the company is looking to invest in its own shares, rather than pursuing an acquisition. This move may be seen as a positive development by shareholders, as buybacks can help to increase the value of their holdings.