Suzuki Motor Corp to buy back 19.9% share from Volkswagen AG for USD 3.9 billion.

Q.  Suzuki Motor Corp is buying back stake held by top shareholder Volkswagen AG for USD 3.9 billion after an international arbitration court ordered the German automaker to sell its holding in August 2015. What is the percentage of the stake being repurchased?
- Published on 18 Sep 15

a. 20.2%
b. 20.1%
c. 19.9%
d. 19.8%

ANSWER: 19.9%
 
Japanese automaker Suzuki Motor Corp is buying back 19.9% stake held by German automaker Volkswagen AF with repurchase of as many as 122.8 m shares on 17th September at closing price of 3,842.5 yen per share for up to 471.7 billion yen ($3.9 billion) via the Tokyo Stock Exchange's off-hours trading system before the market opens.US Fund manager Loeb’s Third Point LLC holding a stake in Suzuki has urged the Japanese company to cancel shares it is repurchasing.

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