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Wednesday August 22, 5:24 PMMitsubishi to buy back up to $1.3 bln of own stockTOKYO, Aug 22 (Reuters) - Mitsubishi Corp. said on Wednesday it planned to buy back up to 150 billion yen ($1.3 billion) or up to 3.06 percent of its outstanding stock on Thursday.Japan's biggest trading house will buy back the shares at Wednesday's closing price of 2,900 yen, using the Nagoya Stock Exchange's after-hours trading system. Mitsubishi declined to comment on who would be selling the stock. The company has not formally announced a buyback programme for this business year. |
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