Takeda at 52-week low after Moody's downgrade; shares down 5%

|About: Takeda Pharmaceutical ... (TAK)|By:, SA News Editor

Takeda Pharmaceutical Company (OTCPK:TKPYY -4.6%) is down on light volume in early trade. Shares are currently exchanging hands at a 52-week low as it advances its planned $62B takeout of Shire plc, expected to close in the next few weeks.

Yesterday, Moody's downgraded its credit rating to Baa2 with a stable outlook.

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