Bridgestone seeks share buyback of up to Y50 bln

Newswire

TOKYO, Feb 21 (Reuters) - Japan's largest tyre maker, Bridgestone Corp , said on Friday that it plans to buy back up to 35 million of its own shares, worth up to 50 billion yen ($422.4 million). The buyback, which is expected to boost the per-share value of Bridgestone shares, is subject to approval at a meeting of its shareholders due in late March, Bridgestone said in a statement. ($1=118.36 yen)

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