June 9, 2012 8:32 AM | 1 min read
MEMORIAL DAY FLASH SALE: 50% OFF BENZINGA PRO
As we honor our freedom, take a stand today. Secure the financial freedom that both you and your family deserve. Get exclusive market moving news for just 50% off. Claim your 50% discount here.
Nidec Corporation (NYSE: NJ) announced Friday that its Board of Directors has authorized a modification to its own share repurchase plan resolved at a meeting of the Board of Directors held on February 5, 2012. The authorization increases the number of own shares purchasable under the plan from 3,000,000 shares to 5,000,000 shares, raising the total authorized amount from 25 billion yen to 40 billion yen.The decision to expand the own share repurchase plan is part of the Company's efforts to ensure capital flexibility in the fast-changing business environment. As of June 8, 2012, a total of 2,114,100 shares had been repurchased under the current plan.
MEMORIAL DAY FLASH SALE: 50% OFF BENZINGA PRO
As we honor our freedom, take a stand today. Secure the financial freedom that both you and your family deserve. Get exclusive market moving news for just 50% off. Claim your 50% discount here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.