Melrose (GB:MRO) has released an update.
Melrose Industries PLC has actively bought back over a million of its own shares, with transactions conducted through Investec Bank plc, at prices ranging from 488.00 to 498.60 pence per share. The acquired shares are to be held in treasury, reflecting a strategic move by the company that may indicate confidence in its financial health and future prospects. Following the transactions, Melrose now holds close to 46 million shares in treasury out of over 1.3 billion shares issued.
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