Date: Thursday September 18, 2008 03:24:08 pm
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http://www.bloomberg.com/apps/news?pid=20601101&sid=aEev2EnqSpHo&refer=japan
Canon Shares Rise After Announcement of Share Buyback
Sept.
08 — Canon Inc. rose the most in almost five weeks in Tokyo trading
after Japan’s biggest office equipment maker announced a share buyback
plan.Canon gained 3.4 percent to close at 3,970 yen on the Tokyo Stock
Exchange, the biggest advance since Aug. 11. The benchmark Nikkei 225
Stock Average increased 1.2 percent.The Tokyo-based company will spend
as much as 50 billion yen ($470 million) to buy back up to 14.5 million
of its own shares, Canon said yesterday, after markets in Japan closed.
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