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Samsung Electronics plans US$7.2 billion buyback to boost shareholder value
SEOUL: Samsung Electronics plans to buy back shares worth 10 trillion won (US$7.17 billion) over a one-year period to boost shareholder value, it said in a regulatory filing submitted after the market closed on Friday.
Samsung Unveils Surprise $7 Billion Buyback Over Coming Year
Samsung Electronics Co. plans to buy back about 10 trillion won ($7.2 billion) of its own stock over the next year, putting in motion one of the larger shareholder return programs in its history.
(LEAD) Samsung Electronics to buy back 10 tln won in shares to enhance shareholder value
Samsung Electronics Co. said Friday it will buy back its own shares worth a combined 10 trillion won (US$7.16 billion) over the next year as part of efforts to boost its shareholder value following a recent slide in its stock price.
Samsung unveils nearly $7.2B stock buyback program - report
Samsung Electronics (OTCPK:SSNLF) intends to buy back 10T won ($7.17B) worth of its shares over one year to bolster shareholder value, Reuters reported. The tech giant's stock soared about 7% on Friday on the South Korean exchange.
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