عربــى

EGX 30 14,006.99 1.27%



Sony to buy back up to 4.8% of stock through March 2020

Sony to buy back up to 4.8% of stock through March 2020

Sony Corp said on Thursday it would buy back shares worth up to 200 billion yen ($1.83 billion), or 4.8% of stock, through March 31, 2020, in an effort to boost shareholder returns.

It follows a share buyback of 100 billion yen, its first ever, announced in February.

Reuters has reported that Daniel Loeb’s hedge fund Third Point LLC is building a stake in Sony again to push for changes that include shedding some businesses.Source: Reuters

#Related keywords

All rights reserved to Arab Finance 2015 ©

Back to top