Bridgestone announces £1.1b share buyback
Bridgestone Corporation intends to acquire up to 50 million of its shares, or 6.4 per cent of its outstanding treasury stock. In a statement, the company said it would spend up to 150 billion yen (£1.1 billion) in the buyback, which will take place between 20 February and 22 December 2017. The acquired shares, along with a further 20 million shares, will be cancelled, effective 19 January 2018.