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The latest update is out from Melrose ( (GB:MRO) ).
Melrose Industries PLC, a company involved in the acquisition and improvement of underperforming businesses, announced the purchase of 36,500 ordinary shares through J.P. Morgan Securities plc, with plans to hold these shares in treasury. This transaction is part of a buyback program intended to manage the company’s capital structure and potentially enhance shareholder value. Following this transaction, Melrose holds 64,871,664 ordinary shares in treasury, while the total number of ordinary shares in issue stands at 1,286,603,657, excluding treasury shares.
More about Melrose
YTD Price Performance: -2.66%
Average Trading Volume: 4,453,841
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £7.04B
Learn more about MRO stock on TipRanks’ Stock Analysis page.
