Kubota Corporation to Repurchase 5.2 Million Shares
Kubota (TYO:6326), a manufacturer of agricultural and industrial machinery, will repurchase 5.2 million common shares at 2,002.5 yen per share, using the ToSTNet-3 system, on Friday, according to a Thursday filing on the Tokyo Stock Exchange.
The total repurchase amount is 10.4 billion yen.
This repurchase is part of a plan approved on Aug. 7, allowing up to 32 million shares to be repurchased by Dec. 16. To date, 15.37 million shares have been repurchased for 29.46 billion yen.
Price (JPY): $1978.00, Change: $-25, Percent Change: -1.22%
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