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Melrose ( (GB:MRO) ) just unveiled an announcement.
Melrose Industries PLC announced the repurchase of 35,400 ordinary shares through J.P. Morgan Securities at a weighted average price of 566.8439 GBp per share, which will be held in treasury. This transaction is part of a broader share buyback program, highlighting Melrose’s strategic move to optimize capital allocation and enhance shareholder value.
More about Melrose
Melrose Industries PLC operates in the industrial sector, focusing on the acquisition and transformation of underperforming businesses within engineering and manufacturing industries to improve their performance and growth potential.
YTD Price Performance: 0.44%
Average Trading Volume: 4,324,373
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £7.27B
See more insights into MRO stock on TipRanks’ Stock Analysis page.
