Toshiba Machine to buy back 22 pct of shares held by Toshiba for 17.2 bln yen

Shibaura Machine

02/03/2017 07:35

TOKYO, March 2 (Reuters) - Toshiba Machine Co  6104.T  said 
on Thursday it would buy back 22.37 percent worth of its own 
shares held by Toshiba Corp  6502.T  for up to 17.2 billion yen 
($150.8 million). 
    Toshiba Machine will conduct the buybacks before the Tokyo 
stock market opens on Friday, at Thursday's closing price of 506 
yen per share, the company said. 
    Toshiba has been scrambling to fill the balance sheet hole 
left by a $6.3 billion hit to its U.S. nuclear operations. 
 
($1 = 114.0600 yen) 
 
 (Reporting by Makiko Yamazaki; Editing by Christian 
Schmollinger) 
 ((Makiko.Yamazaki@thomsonreuters.com; 81-3-6441-1039;)) 
 
Keywords: TOSHIBA ACCOUNTING/