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Canon to buy back $640 million worth of own shares

Digital cameras from Canon Inc.'s compact IXY series are displayed at a Canon showroom in Tokyo April 24, 2012. REUTERS/Toru Hanai
Digital cameras from Canon Inc.'s compact IXY series are displayed at a Canon showroom in Tokyo April 24, 2012. REUTERS/Toru Hanai

TOKYO (Reuters) - Canon Inc <7751.T> said on Monday it plans to buy back up to 50 billion yen ($640 million) worth of its own shares, or 1.4 percent of its shares outstanding, between June 5 and July 27. ($1 = 78.1200 Japanese yen)

(Reporting by Mayumi Negishi)

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