SiriusXM Adds A Further $2 Billion To Stock Repurchase Program
http://finance.yahoo.com/news/sirius...201200248.html
Per Seeking Alpo:
Sirius XM +1.3%, adds $2B in buyback authorization, to total $8B
Aug 26 2015, 16:27 ET | About
: Sirius XM Holdings Inc. (SIRI) | By: Jason Aycock, SA News Editor Contact this editor with comments or a news tip
Sirius XM (NASDAQ:SIRI) is up 1.3% after hours (adding on to today's 2.5% gain) as it adds another $2B onto its stock repurchase authorization.That lifts the buyback authorization to a lofty $8B. An initial $2B authorization in December 2012 was supplemented with $2B additions in October 2013 and July 2014.The company says it's got sufficient capital capacity to return value to shareholders while making long-term investments and pursuing strategic opportunities.Most recently, the company reported $294M cash against total debt of $5.1B.