Samsung shares climb more than 7% after surprise $7 billion buyback plan
Shares of Samsung Electronics jumped on Monday after the company unveiled a surprise plan to buy back about 10 trillion South Korean won ($7.19 billion) worth of its own stock over the next 12 months.
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Samsung Electronics Rallies After $7 Billion Buyback Plan
Shares in Samsung Electronics rose sharply as investors cheered the South Korean technology giant's plan to buy back more than $7 billion of shares to boost shareholder returns.