Toshiba to Buy Back 6% of Outstanding Shares
Toshiba which has since a month seen pressure from activist shareholders to return a surplus of 150 billion yen against the appropriate shareholder equity level, said on Monday it would buy back up to 6% of its outstanding shares worth around 100 billion yen ($913 million), as part of its plan to boost shareholder returns.
The company will additionally put around 50 billion yen towards paying a special dividend as "some shareholders, mainly retail shareholders, prefer dividends”.
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