Melrose ( (GB:MRO) ) has shared an announcement.
Melrose Industries PLC, a company involved in the acquisition and improvement of underperforming businesses, has announced a share buyback program. The company purchased 64,500 ordinary shares at an average price of 622.3436 pence per share, intending to hold these shares in treasury. This move is part of a broader strategy to manage its capital structure and potentially enhance shareholder value.
More about Melrose
YTD Price Performance: 11.95%
Average Trading Volume: 3,040,339
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £7.96B
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