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Nidec to buy back up to $230 mln of its own shares
January 22, 2014 / 6:26 AM / 4 years ago

Nidec to buy back up to $230 mln of its own shares

TOKYO, Jan 22 (Reuters) - Japanese motor manufacturer Nidec Corp said on Wednesday it will buy back up to 24 billion yen ($230 million)worth of its own shares, equivalent to 1.45 percent of its outstanding stock.

It will buy back the shares between Jan. 26 and Jan. 27 2015, Nidec said in a statement. ($1 = 104.2850 Japanese yen) (Reporting by Shinichi Saoshiro)

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