logo
Plus   Neg
Share
Email

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.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Bahrain's foreign minister has called for a boycott of Uber after the ride-hailing company's Chief Executive Officer Dara Khosrowshahi said he will not attend an investment conference in Bahrain's ally, Saudi Arabia. Khosrowshahi is among several business leaders who have said they are pulling out of the three-day investment conference slated to take place in Saudi Arabia beginning October 23. Porsche, the sports car maker owned by Volkswagen AG, has denied speculation that it plans to pursue an initial public offering or IPO. Porsche Chief Financial Officer Lutz Meschke said on Friday that Porsche was discussing a potential listing of a group combining Porsche, Bentley, Lamborghini and Bugatti, with a potential value of up to 70 billion euros. Bank of America (BAC) reported that its third-quarter earnings per share was up 43% year-over-year to $0.66. On average, 24 analysts polled by Thomson Reuters expected the company to report profit per share of $0.62 for the quarter. Analysts' estimates typically exclude special items. Net income to shareholders...
Follow RTT