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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

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