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Maruha Nichiro soars on share buyback Maruha Nichiro soars on share buyback

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By SeafoodSource staff
07 August, 2012 - The benchmark Nikkei average was flat and the broader Topix was 0.1 percent higher on Tuesday.

The following stock was on the move:

Maruha Nichiro Holdings Inc. was up 7.9 percent at JPY 126 after rising as much as 13 percent to a one-month high, after the seafood company said it would buy back 17 million shares for a maximum of JPY 2 billion (USD 26 million), representing 3.3 percent of all its issued stock, between 7 August and 21 September.

Click here to read the full story from Reuters >


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