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Canon to buy back up to 50 billion yen of its shares

Japanese technology giant Canon Inc said on Thursday it would spend as much as 50 billion yen ($596 million) to buy back its own shares.

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Japanese technology giant Canon Inc said on Thursday it would spend as much as 50 billion yen ($596 million) to buy back its own shares between September 10 and November 12 to improve its capital efficiency.                                           
 
Under the plan, it will buy back as much as 1.2% of its outstanding shares, the company said in a statement.
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