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Melrose ( (GB:MRO) ) just unveiled an announcement.
Melrose Industries PLC has completed a share buyback transaction, purchasing 68,500 of its ordinary shares through J.P. Morgan Securities plc at varying prices, with a weighted average price of £587.8852 per share. These shares will be held in treasury, increasing the total treasury shares to 66,328,291 while maintaining 1,285,147,030 shares in issue. This action is part of Melrose’s ongoing buyback program, aimed at optimizing capital structure and potentially enhancing shareholder value.
More about Melrose
YTD Price Performance: 7.69%
Average Trading Volume: 3,920,677
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £7.58B
Find detailed analytics on MRO stock on TipRanks’ Stock Analysis page.
