Melrose ( (GB:MRO) ) has provided an update.
Melrose Industries PLC, a company involved in the acquisition and improvement of underperforming businesses, announced the purchase of 65,300 of its own ordinary shares through J.P. Morgan Securities plc. The shares were bought at prices ranging from £613.20 to £622.20, with a weighted average price of £618.4564, and will be held in treasury. This transaction is part of the company’s ongoing buyback program, which aims to optimize capital structure and enhance shareholder value.
More about Melrose
YTD Price Performance: 10.65%
Average Trading Volume: 3,197,805
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £7.87B
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