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Stock impact report

Honda Shares Jump 17% as Buyback Eases Concern Over Nissan Deal [Yahoo! Finance]

NISSAN MOTOR LTD S/ADR (NSANY) 
US:NASDAQ Investor Relations: nissan-global.com/en/ir
Company Research Source: Yahoo! Finance
the carmaker said it would repurchase up to ¥1.1 trillion ($7 billion) in shares by next December, ahead of a deal that amounts to an acquisition of ailing peer Nissan Motor Co. Most Read from Bloomberg Ho Chi Minh City Opens First Metro Line After Years of Delay The Architects Who Built Miami Reviving a Little-Known Modernist Landmark in Buffalo New York's Congestion Pricing Plan Still Faces Legal Hurdles New York City's Historic Preservation Movement Is Having a Midlife Crisis Honda said it will buy back a maximum of 24% of outstanding shares between Jan. 6 and Dec. 23 next year in a release on Monday. The two carmakers announced that day a tentative agreement to set up a joint holding company that will aim to list shares in August 2026. The buyback is seen as an attempt to abate concerns among Honda's shareholders about the negative impact a tie-up with Nissan could have on the company. Honda was the best-performing company on the Nikkei 225 as of 11 a.m. in Tokyo, Show less Read more
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