Connectivity

DirecTV Completes Stock Repurchase Program, Buys Additional Stock

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[Satellite Today 01-13-09] DirecTV has completed a $3 billion stock repurchase program and its board approved the repurchase of up to an additional $2 billion of its common stock, the company announced Jan. 12.
    DirecTV said additional purchases could be made from time to time through open market purchases or in negotiated transactions using available cash on hand and cash expected to be provided by operations. The timing and amount of such transactions depend on a variety of factors, including market conditions.
    Since February 2006, DirecTV has repurchased about $8.2 billion of its common stock.

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