Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.

Recs

0

Liberty Global Declares $3.5 Billion Buyback Program

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Having completed its $24 billion acquisition of Virgin Media, cable operator Liberty Global (NASDAQ: LBTYA  ) said its board of directors had authorized a $3.5 billion stock repurchase program that it intended to complete over the next two years.

Liberty is now a public limited company under the laws of the U.K. and became the parent of Liberty Global and Virgin Media. A previous $1 billion program by the U.S. company, which is now a subsidiary of the PLC, is no longer applicable. The new plan represents about 1% of Liberty's $27 billion market value.

While Liberty cautions that the program may be suspended or cancelled at any time, it may acquire its Class A stock, its Class C stock, or any combination of the two. The purchases may be made through open-market transactions or privately negotiated transactions, which may include derivative transactions.

Headquartered in Englewood, Colo., Liberty Global is the largest international cable company, with operations in 14 countries.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2486953, ~/Articles/ArticleHandler.aspx, 7/28/2015 6:51:10 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Rich Duprey
TMFCop

Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.

Having made the streets safe for Truth, Justice and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. So follow me on Facebook and Twitter for the most important industry news in retail and consumer products and other great stories.

Google+

Today's Market

updated 9 hours ago Sponsored by:
DOW 17,440.59 -127.94 -0.73%
S&P 500 2,067.64 -12.01 -0.58%
NASD 5,039.78 -48.85 -0.96%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

7/27/2015 3:59 PM
LBTYA $51.13 Down -0.82 -1.58%
Liberty Global, In… CAPS Rating: ***
LBTYB $53.23 Down +0.00 +0.00%
Liberty Global, In… CAPS Rating: No stars

Advertisement