Japan's SoftBank Group plans to buy back 7% of its shares for up to $4.8b

Japan's SoftBank Group plans to buy back 7% of its shares for up to $4.8b

REUTERS/Issei Kato

SoftBank Group Corp plans to spend up to 500 billion yen ($4.8 billion) buying back as much as 7% of its shares, taking a step advocated by activist investor Elliott Management Corp. to boost stockholder value.

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