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An update from Melrose ( (GB:MRO) ) is now available.
Melrose Industries PLC has announced the purchase of 36,600 ordinary shares, with the transaction executed through J.P. Morgan Securities PLC. The shares, bought at a weighted average price of 539.4617, will be held in the company’s treasury, adjusting the total treasury-held shares to 64,761,864, while the number of shares in issue remains at 1,286,713,457. This transaction is part of Melrose’s ongoing buyback program, which likely aims to optimize capital structure and enhance shareholder value by reducing the number of shares in circulation.
More about Melrose
YTD Price Performance: -2.91%
Average Trading Volume: 4,306,665
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £7.02B
See more insights into MRO stock on TipRanks’ Stock Analysis page.
