Honda to cancel 35 mln shares, buy back 7.5 mln

Newswire

TOKYO, July 28 (Reuters) - Honda Motor Co. Ltd. said on Wednesday it would on August 23 retire 35 million shares, or 3.59 percent of its ordinary shares outstanding. Honda, Japan's third-biggest auto maker, will also buy back up to 7.5 million shares, or 0.77 percent of those outstanding, between August 3 and October 15, totalling up to 30 billion yen ($270.5 million). Companies with ample cash often buy back their own shares and redeem their securities to shore up shareholders' equity. ...

Premium Content (PAID Subscription Required)

"Honda to cancel 35 mln shares, buy back 7.5 mln" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×