Brazil steelmaker CSN to buy back up to 10 pct of existing stock
RIO DE JANEIRO Aug 19 (Reuters) - Cia Siderurgica Nacional plans to buy up to 10 percent of its outstanding stock by Sept. 25 to boost its share price and distribute cash to shareholders, the Brazilian steelmaker said on Tuesday.
The shares will be purchased at a price no higher than their quotation on the stock markets where they are traded, according to a statement from CSN, as the company is commonly known. (Reporting by Jeb Blount; Editing by Lisa Von Ahn)
© Thomson Reuters 2017 All rights reserved.