Honda to buy $313 mln of own shares at Y4,160 each

Newswire

TOKYO, May 18 (Reuters) - Honda Motor Co. plans to buy back some of its own shares worth 38 billion yen ($313.3 million) before the Tokyo stock market opens on Monday, Japan's second-biggest automaker said on Friday. Honda said it plans to buy 9.134 million shares at 8:45 a.m. on Monday (2345 GMT Sunday) via the Tokyo Stock Exchange's TosTNet-2 off-hours trading system. The planned share purchase represents about 0.55 percent of its shares outstanding. Honda will pay 4,160 yen per share, ...

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