The figure represents 1.55 percent of the 130.08 million shares currently outstanding. The company will purchase the shares next week and will pay 11,650 yen ($106) a share, the same as today's closing price. The purchase is expected to cost the company a total of 25.63 billion yen ($233.5 million), assuming the company can acquire all 2.2 million shares.More details at Gamespot
Nintendo to reacquire 2.2 million shares
Posted on Monday, Aug 29 2005 @ 04:20 CEST by Thomas De Maesschalck
To prevent becoming a victim of a hostile stock takeover Nintendo decided to acquire 2.2 million shares of its own stock.