Late last month, Canon announced that they planned on purchasing roughly 14 million of its own shares with a 50 billion yen outlay ($450 million dollars). At the time, I remarked that Canon could only afford 12,976,343 shares with the allocated investment at the then-current stock price.
Canon has completed its stock acquisition ahead of schedule, obtaining 12,776,100 shares at a cost of 49,999,720,400 yen ($449,040,488.95 USD), which works out to approx. $35.15 USD per share. At the time of this post, Canon's stock is currently trading at $35.05 USD. [Sean]
Canon has completed its stock acquisition ahead of schedule, obtaining 12,776,100 shares at a cost of 49,999,720,400 yen ($449,040,488.95 USD), which works out to approx. $35.15 USD per share. At the time of this post, Canon's stock is currently trading at $35.05 USD. [Sean]
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