Sirius XM Holdings Adds $2 Billion to Stock Repurchase Authorization
July 14 2020 - 5:08PM
Dow Jones News
By Maria Armental
Sirius XM Holdings Inc. added $2 billion to its stock buyback
program, the company said Tuesday.
As of March 31, the company had $924 million under its previous
authorization, according to a securities filing.
The additional authorization comes a day after the company
agreed to buy E.W. Scripps Co.'s Stitcher Inc. podcasting unit.
On Tuesday, Sirius left the door open as to the timing or manner
of stock repurchases, saying they could include accelerated stock
repurchase transactions and transactions with Liberty Media and its
affiliates.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
July 14, 2020 16:53 ET (20:53 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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