Canon Inc To Buy Back $ 492M Worth of Stock/Dept

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Canon Inc To Buy Back $ 492M Worth of Stock/Dept

 user 2014-05-13 at 12:02:57 pm Views: 231
  • #37617

    Canon Inc To Buy Back $ 492M Worth of Stock/Dept
    Canon says to buy back up to 50 billion yen of own shares

    (Reuters) – Canon Inc (7751.T) said on Thursday it would buy back up to 1.5 percent of its outstanding shares for a maximum of 50 billion yen ($492 million) to improve capital efficiency.

    The world's largest camera maker said it would buy back up to 17 million shares between May 9 and July 29 to ensure a "flexible capital strategy that provides for future transactions such as share exchanges".