Market Overview

ISS and Glass Lewis Recommend TDS Shareholders Vote for Revised Plan to Reclassify Special Common Shares and Common Shares

Telephone and Data Systems, Inc. (NYSE: TDS) announced today that Institutional Shareholder Services, Inc. and Glass, Lewis & Co., LLC recommend that holders of each of the TDS Common Shares and Special Common Shares vote "FOR" the proposed amendments to the TDS certificate of incorporation.

The revised amendments include a share consolidation amendment to reclassify each Special Common Share as one Common Share, each Common Share as 1.087 Common Shares, and each Series A Common Share as 1.087 Series A Common Shares.

The revised plan made no substantive changes to the vote amendment, which sets the Series A Common Shares voting rights at current levels.

Posted-In: News

 

Most Popular

Related Articles (TDS)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free