Bridgestone buying back up to 14 million shares
Bridgestone is set to buy back as many as 12 million of its shares at a fixed price of 4,195 yen per share, based on the closing price at the time of the announcement.
The new was published by virtue of an official “Notice regarding Acquisition of Treasury Stock through Off-Auction Own Shares Repurchase Trading System
(ToSTNeT-3)” filling released on 15 February 2019.
The tyremaker is set to acquire up to 14 million shares or shares up to a total acquisition cost of 50 billion yen, which means the number of shares the company will acquire through ToSTNeT-3 on 18 February 2019 is expected to be 11,918,900.