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An announcement from Melrose ( (GB:MRO) ) is now available.
Melrose Industries PLC, a company known for its business operations in various sectors, recently announced a share buyback initiative. The company purchased 72,000 ordinary shares at an average price of 548.5459 pence per share, intending to hold them in treasury. This transaction leaves Melrose with 65,199,341 shares in treasury and 1,286,275,980 shares in issue. The buyback, executed through J.P. Morgan Securities, reflects the company’s ongoing strategy to manage its capital structure effectively.
More about Melrose
YTD Price Performance: -1.95%
Average Trading Volume: 4,202,900
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £6.98B
For an in-depth examination of MRO stock, go to TipRanks’ Stock Analysis page.
