Canon says to buy back up to 1.6 percent of own shares

TOKYO Tue Feb 18, 2014 1:12am EST

A logo of Canon Inc is pictured at the company's showroom in Tokyo October 24, 2013. REUTERS/Yuya Shino

A logo of Canon Inc is pictured at the company's showroom in Tokyo October 24, 2013.

Credit: Reuters/Yuya Shino

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TOKYO (Reuters) - Japan's Canon Inc said on Tuesday that it will buy back up to 1.6 percent of its own shares, spending up to 50 billion yen ($490.7 million) between February 19 and April 4.

The company last carried out a share buyback between September 4 and November 1.

($1 = 101.9050 Japanese yen)

(Reporting by Dominic Lau; Editing by Chang-Ran Kim)

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