Japanese Trading House Mitsui to Double Share Buyback Plan

Bloomberg09-11

(Bloomberg) -- Japanese trading firm Mitsui & Co. said it will double its share buyback plan to boost shareholder returns and improve capital efficiency. The buyback plan will be boosted to up to 400...

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The buyback period will be extended to Feb. 28, from an earlier expiry date of Sept. 20. The company plans to cancel all shares it bought back on March 5.Mitsui shares reversed declines after the announcement and gained as much as 4.7%, the most since Aug. 16.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"MITSF":"Mitsui & Co., Ltd.","MITSY":"三井物产","BK4104":"贸易公司与经销商"},"translate_title":"日本商社三井将股票回购计划加倍","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MITSF":0.9,"MITSY":0.9},"content_text":"(Bloomberg) -- Japanese trading firm Mitsui & Co. said it will double its share buyback plan to boost shareholder returns and improve capital efficiency. \nThe buyback plan will be boosted to up to 400 billion yen ($2.8 billion), the firm said in a statement. The buyback period will be extended to Feb. 28, from an earlier expiry date of Sept. 20. 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