Mitsubishi Electric (TYO:6503) approved a share buyback of up to 60 million shares, or 2.89% of its outstanding stock, for a maximum of 100 billion yen, according to a Monday filing on the Tokyo Stock Exchange.
The repurchase will be conducted through market transactions on the Tokyo Stock Exchange between April 30 and Oct. 31.
Price (JPY): $2620.00, Change: $-27, Percent Change: -1.00%
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