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Melrose ( (GB:MRO) ) has shared an update.
Melrose Industries PLC, a company involved in the manufacturing sector, has announced a recent transaction involving the repurchase of 71,000 of its ordinary shares through J.P. Morgan Securities PLC. The shares were purchased at a weighted average price of 566.0469 GBP per share and will be held in treasury. This move is part of the company’s ongoing share buyback program, which aims to optimize its capital structure and potentially enhance shareholder value. Following this transaction, Melrose holds a total of 65,559,918 ordinary shares in treasury, with 1,285,915,403 shares remaining in circulation.
More about Melrose
YTD Price Performance: 1.70%
Average Trading Volume: 4,012,549
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £7.24B
For detailed information about MRO stock, go to TipRanks’ Stock Analysis page.
