FONT-SIZE Plus   Neg

Liberty Global Announces New $1 Bln Stock Buyback Program

Liberty Global, Inc. (LBTYA, LBTYB, LBTYK) on Friday announced the authorization of a new $1.0 billion stock repurchase program and its intention to spend the amount during 2013, consistent with prior years.

Through December 14, Liberty Global has repurchased about $925 million of its equity during 2012, bringing its cumulative buyback total since inception in 2005 to over $9.0 billion.

Under the new $1.0 billion stock repurchase program, Liberty Global may acquire from time to time its Series A common stock, Series C common stock, or any combination of Series A and Series C common stock.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Xbox Live users are aggravated about repeated outages that have prevented gamers from accessing online multiplayer features. Blaming higher egg prices and other rising costs, Dunkin's Donuts will close 100 stores, all of them Speedway gas station and convenience store locations. Micron Technology, Inc. said that its fourth quarter profit fell 59% from last year, as sales declined and gross margins deteriorated amid weak demand and pricing pressures due to continued softness in the personal computer market. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly sales.
comments powered by Disqus
Follow RTT