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ENGLEWOOD, Colo.—International cable television provider Liberty Global Inc. has announced a program to repurchase up to $500 million in stock.
Liberty said Wednesday the repurchase program may include series A or C common stock, or a combination of the two.
Cable pioneer John Malone is board chairman for the Englewood-based company. It serves 16 million customers in 17 countries worldwide.
In Wednesday trading, Liberty Global’s series A stock closed up 19 cents to $36.52 and its series C stock closed up nine cents to $34.09. The markets were closed Thursday for Thanksgiving.
