Harbinger Group commences share repurchase program

|By:, SA News Editor

Harbinger Group (HRG) commences its $50M share repurchase program by purchasing 1.7M shares from one of the funds affiliated with Harbinger Capital Partners for an aggregate purchase price of $12.325M.

The repurchase program was announced by its Board on August 8, and authorizes purchases to be made from time to time in one or more open market or private transactions.