Rio Tinto Increases Share Buyback
May 12 2017 - 12:21PM
Dow Jones News
By Olga Cotaga
LONDON--Rio Tinto PLC (RIO.LN) said Friday it is raising the
amount of shares it is going to buy between March 1 and July 28 to
$300 million.
The mining company previously planned to buy back about $206
million worth of shares during the period as part of its larger
share buy-back program.
Rio Tinto said it is allocating a maximum $500 million to the
program to the end of this year.
Shares closed Friday down 0.7% at 2970 pence.
Write to Olga Cotaga at olga.cotaga@wsj.com
(END) Dow Jones Newswires
May 12, 2017 12:06 ET (16:06 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
Rio Tinto (NYSE:RIO)
Historical Stock Chart
From Aug 2024 to Sep 2024
Rio Tinto (NYSE:RIO)
Historical Stock Chart
From Sep 2023 to Sep 2024