Nidec Board Approves Share Repurchase Plan For Up To 5M Share
Portfolio Pulse from Benzinga Newsdesk
Nidec's board has approved a share repurchase plan for up to 5 million shares to enable agile capital management in response to significant stock price divergence from market trends or changes in the business environment.
May 24, 2024 | 7:19 am
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Nidec's board has approved a share repurchase plan for up to 5 million shares, aiming to manage capital more effectively in response to significant stock price divergence or changes in the business environment.
The share repurchase plan indicates a proactive approach to managing capital and could be seen as a positive signal to investors, potentially leading to a short-term increase in stock price.
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