Christophe Weber, Takeda CEO (Miho Takahashi/The Yomiuri Shimbun via AP Images)
Takeda makes good on buyback promise, snapping up nearly $200M of its own shares
Back in October, upon tracking a rise in half-year profit, Takeda unveiled plans to buy back a large chunk of its own shares. The pharma giant has since followed through on that promise, snapping up nearly $200 million worth just this month.
Takeda repurchased over 6.9 million shares this month, the company said Wednesday, worth 24.9 billion Japanese yen, or nearly $200 million. That makes just over 29 billion shares repurchased since the company laid out its plans in October, ringing up a total of more than 99.9 billion yen ($794 million).
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