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Toshiba Announces $6.3 Bln Share Buyback

Toshiba (TOSYY.PK) said that it will implement a shareholder returns at the earliest possible date, which will channel a targeted amount of about 700 billion yen or $6.3 billion into a share buyback.

The company said it will use proceeds from an $18 billion deal to sell its flash-memory unit to a consortium led by Bain Capital, which closed June 1.

Toshiba noted that it will also continue to consider its policy on payments of stable dividends.

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