Cable One To Additionally Buy Back Up To $450 Mln Of Shares

Cable One, Inc. (CABO), a broadband communication provider, said on Monday that its Board has authorized an additional share repurchase of up to $450 million worth shares.

"The size and timing of any purchases will depend on a number of factors, including share price, general business and market conditions, and other factors," the company said in a statement.

The latest tranche is in addition to the previously approved buyback in 2015, of which $75.4 million remained as of March 31.

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