The latest update is out from Melrose ( (GB:MRO) ).
Melrose Industries PLC has announced the repurchase of 21,911 of its ordinary shares, priced between 662.4 and 668.0 pence, with a weighted average price of 666.1553 pence. The shares were acquired through J.P. Morgan Securities plc and will be held in treasury, bringing the total number of treasury shares to 67,986,151. This move is part of the company’s ongoing buyback program, which aims to enhance shareholder value by reducing the number of shares in circulation.
More about Melrose
YTD Price Performance: 22.79%
Average Trading Volume: 3,012,718
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £8.24B
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