SoftBank has laid out plans to buy back up to ¥500bn ($3.4bn) of its own shares after a market rout that hammered Japanese stocks and following pressure from activist investors.
The Japanese conglomerate founded by Masayoshi Son said on Wednesday it would repurchase as much as 6.8 per cent of its shares as it unveiled a first-quarter loss of ¥174bn, or $1.2bn.
SoftBank’s buyback news comes two months after the Financial Times revealed that activist investor Elliott had rebuilt a stake of more than $2bn in the group and was pushing for a near-term $15bn capital return programme.
您已阅读17%（582字），剩余83%（2896字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。