Liberty Global PLC said it has set a new $2.0 billion stock repurchase program, which it plans to completed by the end of 2018. The program is with respect to the Class A and Class C shares. The TV and broadband company’s Class A shares rose 1.4% in morning trade to $33.02, while the C shares gained 1.5% to $32.13. The A shares have gained 7.9% year to date, while the C shares of tacked on 7.9% and the S&P 500 has rallied 20%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News