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Melrose ( (GB:MRO) ) has provided an announcement.
Melrose Industries PLC has announced the repurchase of 71,671 of its ordinary shares valued at £0.001 each, through J.P. Morgan Securities plc, as part of its ongoing share buyback program. The acquired shares will be held in treasury, increasing the total treasury shares to 65,916,714, while the total shares in issue stand at 1,285,558,607. This strategic move is a part of Melrose’s effort to manage its capital structure and potentially enhance shareholder value.
More about Melrose
YTD Price Performance: 2.49%
Average Trading Volume: 3,951,369
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £7.3B
For detailed information about MRO stock, go to TipRanks’ Stock Analysis page.
