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SoftBank Group buybacks paused in August, so did its stock rally

It blamed "nonpublic facts" around insider trading for the inaction, a likely allusion to its mega-deal to sell its Arm chip division for $40 billion to Nvidia, announced Monday

Topics
Softbank Group | Masayoshi Son

Reuters  |  Tokyo 



Softbank
Without the support of the buyback, shares were basically flat in August, rising just 0.05 per cent

suspended its multi-billion dollar buyback programme in August, bringing to a halt the significant share price gains that Masayoshi Son’s conglomerate has largely enjoyed since the plan and asset sales were announced earlier this year.

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First Published: Wed, September 16 2020. 02:22 IST

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