Melrose ( (GB:MRO) ) has provided an announcement.
Melrose Industries PLC, a company involved in acquiring and improving underperforming businesses, announced the purchase of 27,230 of its ordinary shares through J.P. Morgan Securities plc. The shares were bought at prices ranging from 636.6000 to 656.0000, with a weighted average price of 647.0233 per share. This transaction is part of Melrose’s ongoing share buyback program, and the purchased shares will be held in treasury. The move is likely aimed at enhancing shareholder value and optimizing the company’s capital structure.
More about Melrose
YTD Price Performance: 15.75%
Average Trading Volume: 2,903,390
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £8.23B
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