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Melrose ( (GB:MRO) ) has provided an update.
Melrose Industries PLC announced a share buyback, purchasing 35,800 of its ordinary shares through J.P. Morgan Securities at prices ranging from £544 to £559.4, with a weighted average price of £550.7121. These shares will be held in treasury, bringing the company’s total treasury holdings to 64,688,864 ordinary shares, while the total shares in issue, excluding treasury shares, remain at 1,286,786,457. The buyback is part of Melrose’s ongoing efforts to manage its capital structure effectively, indicative of a strategic move to enhance shareholder value, possibly reflecting confidence in the company’s financial health and future prospects.
More about Melrose
YTD Price Performance: -2.23%
Average Trading Volume: 4,312,145
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £7.07B
See more insights into MRO stock on TipRanks’ Stock Analysis page.
