Daiichi Sankyo and Astellas buy back more shares
This article was originally published in Scrip
Executive Summary
Daiichi Sankyohas completed the acquisition of a further 15 million of its own shares, around 2% of the outstanding total, for ¥45.7 billion ($425.1 million). In a similar move to improve shareholder returns and guard against possible hostile takeovers, Astellas's board has just approved a similar buy back of up to 10 million of the firm's shares (again around 2% of the total) this month for a maximum of ¥50 billion.