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Hitachi Plans $3.1 Billion Buyback While Iran Conflict Weighs

Hitachi Plans $3.1 Billion Buyback While Iran Conflict Weighs

Hitachi Ltd. said it will buy back up to 3.56% of its outstanding stock for as much as ¥500 billion ($3.1 billion), the latest Japanese company to announce measures to beef up shareholder returns.

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