Toyota Motor Completes Share Buyback

Posted by Bill Belew on May 17th, 2010 in asia | Comments Off

Toyota Motors has completed its share buyback program that was approved at the company's shareholder meeting.

The shareholder's said Toyota could buy back as many as 30 million shares for 200 billion ($1.65 billion.)

On Thursday, the car maker bought 8.62 million shares, just 0.2% of it's outstandng shares, for a price of 62.29 billion.

So, how many shares does Toyota have? My math tells me there are more than 4 billion shares. Is that right?

And if each share goes for around $60….does that make the company worth $240 billion?

Holy smokes.

How many shares of stock do you have in Toyota? 

 


 

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