Norilsk Nickel Says It May Delay The Cancellation Of Treasury Stocks

Reuters reported Norilsk Nickel (LSE:MNOD) may delay a cancellation of treasury stock which could have boosted its share price due to a legal dispute with shareholder RUSAL .

Norilsk’s board will take another look at the plans to cancel around 10 percent of outstanding stock held in treasury at a meeting on Wednesday, the company said on Tuesday.