Virgin Media Buys Back 1 Million Shares

Virgin Media repurchases over 1 million shares of common stock as part of its $194 million stock buyback transaction plan.
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NEW YORK (

TheStreet

) --

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.

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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