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The latest announcement is out from Melrose ( (GB:MRO) ).
Melrose Industries PLC, a company involved in the acquisition and improvement of underperforming businesses, announced it has repurchased 67,100 of its ordinary shares at an average price of approximately £6.00 per share through J.P. Morgan Securities plc. These shares are intended to be held in treasury, contributing to a total of 66,462,391 shares in treasury and 1,285,012,930 shares in issue. This buyback is part of Melrose’s ongoing strategy to manage its capital efficiently, potentially increasing shareholder value and enhancing financial flexibility.
More about Melrose
YTD Price Performance: 7.73%
Average Trading Volume: 3,914,652
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £7.66B
For a thorough assessment of MRO stock, go to TipRanks’ Stock Analysis page.
