Australia's Toys "R" Us climbs most in four months on share buyback plan
22/02/2023 24:31
** Shares of Toys "R" Us ANZ TOY.AX climb as much as 34.8%
to A$0.031, seeing their best day since Oct 19 - if gains hold
** Toy distributor says it has planned on-market share
buyback of up to 10% of its fully paid ordinary shares
** Says its current trading price does not accurately
reflect the underlying value of its assets
** Adds 12-month buyback will start from March 8
** Stock hits highest since Feb 9
** Stock down ~23.3% this year, as of last close
(Reporting by Archishma Iyer in Bengaluru)
((Archishma.Iyer@thomsonreuters.com;))