Melrose (GB:MRO) has released an update.
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Melrose Industries PLC has executed a share buyback program, purchasing 78,000 ordinary shares at prices ranging from 513.20p to 525.80p, with a weighted average of 517.56p. These shares are to be held in treasury, adjusting the total treasury shares to 63,718,710. This move is likely aimed at enhancing shareholder value and indicates the company’s confidence in its financial health.
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