Telephone and Data Systems, Inc.
TDS today issued the following comments in response to the
Glass, Lewis & Co., LLC and the Institutional Shareholder
Services' reports regarding the proposed amendments to the TDS
certificate of incorporation. The proposals include a share consolidation
amendment to reclassify TDS Special Common Shares as Common Shares on a
one-for-one basis, resulting in a single class of publicly-traded common
stock, and a vote amendment, which will set the Series A Common Shares voting
rights at current levels.
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