STOCKS | Toyota Expands Share Buyback Plan to $8.2 Billion

Toyota Motor Corp. expanded its share buyback plan to 1.3 trillion yen ($8.2 billion). According to Sina Finance, the company increased the plan by 300 billion yen, raised the maximum number of shares to 610 million from the 500 million announced in August, and will offer 2,725 yen per share in a tender offer. Mitsui Sumitomo Insurance, Aioi Nissay Dowa Insurance, Tokio Marine & Nichido Fire Insurance, and Sompo Japan Nipponkoa Insurance agreed to sell shares in the offer.