Amazon.com Widgets
0 Recommend It! 286 views

Sirus XM Adds $2b to Stock Repurchase Plan

SOURCE: Published:
Sirius XM has added an additional $2 billion to its stock repurchase program. SiriusXM's Board of Directors approved a $2 billion stock repurchase in December 2012 and supplemented that with an additional $2 billion in October 2013. The satellite radio provided will fund the $6 billion in repurchases through cash on hand, future cash flow from operations and future borrowings.

“The announcement of the extension of the repurchase program reflects the Board's desire to continue to return value to stockholders and its confidence in the long-term growth prospects of the Company's business," the company said in a statement.


View the original article...

This story appears courtesy of HypeBot.
Copyright © 2014. All rights reserved.
comments powered by Disqus

Weekly Giveaways

Roscoe Mitchell

Roscoe Mitchell

About | Enter

Peter Lerner

Peter Lerner

About | Enter

Jamie Saft

Jamie Saft

About | Enter

Sun Trio

Sun Trio

About | Enter

Sponsor: Signature Jazz Cruise