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SoftBank Group to buy back up to 14.6% of shares – Metro US

SoftBank Group to buy back up to 14.6% of shares

FILE PHOTO: Logo of SoftBank Group Corp is seen at
FILE PHOTO: Logo of SoftBank Group Corp is seen at the company’s headquarters in Tokyo

TOKYO (Reuters) – SoftBank Group Corp said on Monday it would buy back up to one trillion yen ($8.82 billion) of its own shares, or 14.6% of outstanding stock.

The plan comes after the Japanese conglomerate completed a record 2.5 trillion yen buyback in May.

($1 = 113.3500 yen)

(Reporting by Makiko Yamazaki; Editing by Kirsten Donovan)

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