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Nissan stock up the most since 2009 on share buyback news

Tuesday, March 1, 2016 - 05:50

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In its first repurchase since buying back 13 million shares in December 2011, Nissan will acquire as many as 300 million shares, or 6.7 per cent of issued stock, by Dec 22.

Tokyo

NISSAN Motor Co rose the most in almost seven years as the Japanese carmaker plans its biggest share buyback ever and its first in more than four years to counter a recent slump for the stock.

Nissan climbed as much as 12 per cent on Monday, the biggest intraday jump since

sentifi.com

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