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Melrose ( (GB:MRO) ) has shared an update.
Melrose Industries PLC has purchased 64,200 of its ordinary shares on 7 February 2025, through J.P. Morgan Securities plc, as part of its ongoing share buyback program. The shares were bought at prices ranging from 615.8000 to 622.2000 pence, with a weighted average price of 619.5778 pence. This transaction increases the total number of shares held in treasury to 66,920,691, while the company has 1,284,554,630 shares in issue, excluding treasury shares. This move is likely aimed at consolidating control and potentially increasing shareholder value by reducing the number of shares in circulation.
More about Melrose
Melrose Industries PLC is a UK-based company operating in the industrial sector. The company is known for acquiring and improving underperforming businesses in various industries, with a focus on creating value for its shareholders.
YTD Price Performance: 12.64%
Average Trading Volume: 3,713,414
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £8.01B
For a thorough assessment of MRO stock, go to TipRanks’ Stock Analysis page.
