Canon climbs to three-week high after share buyback announcement
TOKYO (Reuters) - Shares in Canon Inc advanced 2.4 percent to a three-week high of 3,154 yen on Wednesday after it said it will buy back up to 50 billion yen ($488.5 million) worth of its own shares, or 1.6 percent of its outstanding shares.
Canon shares are down 5.5 percent since the start of 2014, adding to a 0.3 percent drop last year, when the benchmark Nikkei rallied 57 percent.
($1 = 102.3550 Japanese yen)
(Reporting by Dominic Lau)
- Malaysia military source says missing jet veered to west |
- Ukraine appeals to West as Crimea turns to Russia |
- Malaysia air probe finds scant evidence of attack: sources |
- UPDATE 1-Missing Malaysian plane last seen at Strait of Malacca-source
- Libyan parliament sacks PM after tanker escapes rebel-held port