Morgan Stanley Downgrades Liberty LiLAC (LILA) to Equalweight
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LiLAC to Launch $300 Million Share Buyback Program
November 6, 2016 8:32 PM ESTDENVER, Colorado--(BUSINESS WIRE)-- Liberty Global plc (Liberty Global or the Company) announced today that its Liberty Global Latin America and Caribbean Group (LiLAC Group) will launch a $300 million stock repurchase program (the Program) for LiLAC ordinary shares (NASDAQ: LILA, LILAK). The purchases will be funded by LiLAC liquidity and free cash flow. The program will commence immediately and runs until year-end 2019.
Mike Fries, Chief Executive Officer, said, The establishment of this buyback program for LiLAC tracking stock demonstrates confidence in our business and its prospects, as well as our belief that the LiLAC shares are presently undervalued by the market. This... More
Liberty Global Reports Q3 and YTD 2016 Results
November 3, 2016 5:31 PM EDTSubscriber Additions Up 35% YTD, including 284,000 RGUs in Q3
Operating Income up 60% YoY in Europe and 108% for LiLAC in Q3
Rebased OCF Growth >5% in Q3 for both Europe (ex Ziggo) & LiLAC
Additional LiLAC/CWC Synergies of $150 Million by Year End 2020
Repurchased ~$640 Million of Equity in Q3, Totaling $1.6 Billion YTD
DENVER, Colorado--(BUSINESS WIRE)-- Liberty Global plc ("Liberty Global") (NASDAQ: LBTYA, LBTYB, LBTYK, LILA and LILAK), today announces financial and operating results for the three months ("Q3") and nine months ("YTD") ended September 30, 2016 for the Liberty Global Group1 and... More