Loading...
Market
Story
Honda Announces ¥1.1 Trillion ($7 Billion) Share Buyback, Stock Surges Over 17% Amid Nissan Merger Talks
Dec 24, 2024, 03:10 AM
Honda Motor Co. announced a share buyback plan worth up to 1.1 trillion yen (approximately $7 billion), representing 23.7% of its outstanding shares. This announcement has led to a surge in Honda's stock price, which climbed over 17%, marking its best performance in more than 16 years. The buyback plan comes amid ongoing merger discussions with Nissan, whose shares experienced volatility, dropping 7% after a previous surge of 24% last week following reports of the deal with Honda. The stock market reaction reflects investor optimism regarding Honda's strategic moves, while Nissan's stock faced concerns about the merger ratio.
View original story
Similar markets
Increase by over 20% • 25%
Increase by 10-20% • 25%
Increase by less than 10% • 25%
Decrease • 25%
Completed as planned • 25%
Partially completed • 25%
Not completed • 25%
Extended timeframe • 25%
Stock price increases by more than 5% • 25%
Stock price increases by 0-5% • 25%
Stock price decreases by 0-5% • 25%
Stock price decreases by more than 5% • 25%
Increase by more than 10% • 25%
Increase by less than 10% • 25%
Decrease by less than 10% • 25%
Decrease by more than 10% • 25%
Increase over 10% • 25%
Decrease over 10% • 25%
No significant change • 25%
Other • 25%
Increase by more than 10% • 25%
Increase by up to 10% • 25%
Decrease by up to 10% • 25%
Decrease by more than 10% • 25%
Increased by more than 10% • 25%
Increased by 5-10% • 25%
Little or no change • 25%
Decreased • 25%
Yes • 50%
No • 50%
Increase by more than 5% • 25%
Increase by 0-5% • 25%
Decrease by 0-5% • 25%
Decrease by more than 5% • 25%
Decrease by more than 5% • 25%
Decrease by 1% to 5% • 25%
No significant change (within ±1%) • 25%
Increase • 25%