Bridgestone Climbs as Tire Maker Plans $2 Billion Share Buyback
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Bridgestone Corp. surged the most in six months after the Japanese tire maker said it’s going to buy back up to ¥300 billion ($2 billion) of its own shares.
Shares climbed as much as 9.2%, the biggest intraday gain since August, after it announced plans to buy about 11% of its stock between Feb. 20 and Dec. 23. The company is looking to reach ¥500 billion in shareholder returns by 2026.