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SoftBank unveils $4.8 bn buyback after stock tumble, pressure from Elliott
March 13, 2020 | By Moneycontrol.com
business
The plan to buy back up to 7 percent of its shares for as much as 500 billion yen ($4.8 billion) announced by SoftBank on March 13 comes as the Japanese investment group's shares have tumbled by about a quarter just in March.
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SoftBank Group Corp is buying back up to $4.8 billion of its shares after their recent slump, a move that partially met the demand of activist fund Elliott but failed to soothe investors panicking from the coronavirus pandemic. The plan to buy back up to 7 p
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