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Investor dials up pressure on TDS; The case for change-and the sale of U.S. Cellular.(News)(Telephone & Data Systems Inc)
Crain's Chicago Business, January, 2005 by Jones, Sandra
Byline: SANDRA JONES Telephone & Data Systems Inc.'s largest outside shareholder is taking aim at the Carlson family's $9-billion telecom conglomerate. Among the possible outcomes: a sale of U.S. Cellular Corp., the crown jewel of the family's empire, which could fetch as much as $6 billion in the buyout frenzy sweeping the wireless phone industry and driving stock prices to three-year highs.
Activist mutual fund Southeastern Asset Management Inc. is calling for Chicago's Telephone & Data to unleash the value of U.S. Cellular, one of the last independents in the cell phone business. The Carlson family, led by Telephone & Data CEO Leroy T. Carlson Jr., controls the company through supervoting stock. They've given no indication of a desire to sell. But...
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