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Melrose ( (GB:MRO) ) has issued an update.
Melrose Industries PLC, a UK-based company, has announced the purchase of 63,600 of its own ordinary shares through J.P. Morgan Securities plc at varying prices, with the intention of holding these shares in treasury. This transaction is part of Melrose’s ongoing share buyback program, which aims to manage the company’s capital structure effectively. As a result of this transaction, Melrose now holds 67,241,549 shares in treasury, impacting its share capital structure and potentially influencing market perceptions and shareholder value.
More about Melrose
YTD Price Performance: 14.12%
Average Trading Volume: 3,494,709
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £8.12B
Learn more about MRO stock on TipRanks’ Stock Analysis page.
