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Viacom Announces $3 Billion Stock Purchase Program For Post-Separation "New" Viacom

Discussion in 'toonzone News Archive' started by Zedd, Dec 14, 2005.

  1. Zedd

    Zedd Administrator
    Staff Member Administrator Moderator Reporter

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    Viacom Inc.'s board of directors has approved a stock purchase program under which the new post-separation Viacom Inc. is authorized to acquire from time to time up to $3 billion of its class A and class B common stock. The program will commence following the separation of Viacom into two publicly traded companies, which is expected to be completed December 31, 2005.

    [Source: <a href="http://www.viacom.com/view_release.jhtml?inID=5000002&inReleaseID=126666" target="blank">Viacom</a>]
     

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