Central Glass agrees to activist demands to buy back its shares
20/09/2022 09:38
TOKYO, Sept 20 (Reuters) - Central Glass Co 4044.T said on
Tuesday it will buy back up to 33.24% of own shares in tender
offer as part of its effort to bolster its corporate value
following suggestions by Japanese activist investor Yoshiaki
Murakami and others.
Central Glass will spend as much as 50 billion yen ($348.1
million) to buy back its own shares at 3,500 yen per a share,
the company said in a statement.
($1 = 143.6500 yen)
(Reporting by Mariko Katsumura, Editing by Louise Heave)
((Mariko.Katsumura@thomsonreuters.com;))