Brazil’s Vale announces share buyback program -Breaking
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© Reuters. FILE PHOTO : This is the logo of Brazilian mining company Vale SA. It can be found in Brumadinho Brazil, January 29, 2019. REUTERS/Adriano Machado
(Reuters] – Brazilian miner Vale SA (NYSE 🙂 has approved a stock buyback program that could yield up to 500,000,000 common shares over the next eight months. This was announced Wednesday by the company.
This program accounts for approximately 10% of Vale’s outstanding shares. It also stated that it is closing its prior share buyback program which had repurchased around 168 million shares.
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