Toyota: Good News if You're a Shareholder

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By
Muhammed El-Hasan
on February 5, 2008 8:59 AM | | Comments (0) |

Toyota Motor Corp. said Tuesday that it will cancel 162 million shares, or 4.5 percent of outstanding shares, on March 31.

The move is meant to improve shareholder value. The cancellations will drop the number of Toyota shars to 3.448 billion.

Japan's biggest automaker also said it will buy back up to 10 million shares, or 0.3% of existing shares, from the open market by Feb. 21.

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This page contains a single entry by Muhammed El-Hasan published on February 5, 2008 8:59 AM.

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About Biz Waves

Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

The primary contributor is:

Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at muhammad.el-hasan@dailybreeze.com

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