Recruit Holdings Co. rose the most in two months after the company behind the world’s largest employment portal said it would buy back as much as ¥600 billion ($3.7 billion) worth of its own shares.
The stock rose as much as 4.4% during early trading Wednesday in Tokyo, the most since May 16 on an intraday basis. Recruit said in a statement Tuesday that acquiring its own shares “is the best way to further improve capital efficiency and to maximize shareholder returns.”
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Source Link: https://www.bloomberg.com/news/articles/2024-07-10/indeed-owner-s-shares-jump-after-announcing-3-7-billion-buyback
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Recruit Holdings Co. rose the most in two months after the company behind the world’s largest employment portal said it would buy back as much as ¥600 billion ($3.7 billion) worth of its own shares. The stock rose as much as 4.4% during early trading Wednesday in Tokyo, the most since May 16 on an …
