Sirius XM will add an extra $2 billion to its share repurchase program.
The additional $2 billion increases the company’s stock repurchase fund to an aggregated $6 billion.
Sirius XM’s board of directors approved a $2 billion common stock repurchase program in December 2012. This amount was then increased to $4 billion following an additional $2 billion common stock repurchase program in October 2013.
Common stock shares may be purchased on the open market occasionally.
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