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SRM Global buys more than 7 million shares of Virgin Media
By Lisa Kerner
Charlotte, N.C., Jan. 7 - SRM Global Fund General Partner Ltd. upped its stake in Virgin Media Inc. to 8.26% from 7.12% with the purchase of an additional 7,062,300 shares of the company's stock.
The shares were acquired between Dec. 6 and Jan. 4 priced from $15.78 to $18.83 each, according to a schedule 13D filing with the Securities and Exchange Commission.
The reporting persons own 27,055,200 shares of the New York-based television, broadband and telephone services company's outstanding stock.
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