Virgin Media Buys Back 1 Million Shares
NEW YORK (
) --
Virgin Media
(VMED)
repurchased over 1 million shares of common stock today. The British cable TV company bought back 1.1 shares as a part of the planned $194 million stock buyback transaction it announced on July 28.
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Today's buyback brought the total amount of stock repurchased through this plan to 9,334,721 shares. The average purchase price per share was $20.78.
Virgin Media shares are up more than 3.35% and trading at the high end of its 52-week range to $20.23.
-- Written by Theresa McCabe in Boston.
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