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News Corp. to buyback shares

Rubatex Msds by Alan Fein

The company had already bought back 165, 394 of its own shares on the market through the buyback program, which was started on 25 June 2007. Nevertheless, since legal provisions stipulate the acquisition of a low amount of shares when trade volumes are low, the share buyback program was, in the interim, put on hold and the public buyback program was started.

Rubatex Neoprene News Corp. announced a $3 billion share buyback Monday, distancing its chances of buying Liberty Media.If you would like to receive late breaking business news covered by AXcess News then you need to subscribe. Membership is free.

With the announcement of the public buyback program, the share buyback program that has been in effect since June 25, 2007 is suspended. Due to the low trading volume, statutory provisions made buybacks of only small numbers of own shares possible. Up until now, the company has bought back 165, 394 shares.

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Considering that more than 1, 100, 809 MAGIX shares have been offered by custodian banks to MAGIX AG for buyback, these offers will be proportionally accepted in accordance with Sec. 3.5 of the Offering Memorandum, i.e. at the ratio of the maximum number of MAGIX shares that may be bought back (1, 100, 809) to the number of MAGIX shares offered (1, 282, 374). The buyback ratio therefore amounts to 85.84149%.

Rubatex Pipe Insulation June 13, 2005 (AXcess News) New York - News Corp. announced a $3 billion share buyback Monday, distancing its chances of buying Liberty Media. News Corp. executives had indicated that a buyback of shares would be bad for buying Liberty Media's $8.4 billion share ownership in News Corp.

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Rubatex 180 Investment analysts took the news of the buyback to mean that Murdoch's talks with Liberty Media have been curbed. News Corp. Chairman Rupert Murdoch had said in May that he expected to wrap up the purchase of Liberty Media's shares by August. Now, that doesn't look like its going to happen.

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Rubatex 180 Fs A News Corp. spokesperson told the media that the share buyback would not affect the Liberty Media deal. That the corporation was doing it because it felt its shares were under valued. Though it gouges $3 billion in cash out of its war chest to acquire the Liberty Media shares.News Corp. declined to say whether talks with Liberty Media had stalled.

Rubatex 1800 While analysts are skeptical of the News Corp. share buyback announcement, the company is sitting on $6 billion in cash and also enjoys another $2 billion in free cash flow that it could use.

Rubatex 320 The last share buyback announced by News Corp. was in 2000. At the time of that share buyback the company spent $1.5 billion over twelve months.

Rubatex 373 Shares of News Corp. (NYSE: NWS) closed up 43 cents, or 2.5%, to end the session at $17.31.

Rubatex Rubber Shares of Liberty Media (NYSE: L) were down 4 cents to close at $10.45.

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