Melrose (GB:MRO) has released an update.
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Melrose Industries PLC has repurchased 34,600 of its ordinary shares at prices ranging from 576.6 to 586.4 pence per share, with a weighted average price of 581.27 pence. The purchased shares will be held in treasury, and this move is part of Melrose’s ongoing buyback program. This transaction leaves the company with 64,375,264 shares in treasury, with 1,287,100,057 shares remaining in circulation, which could signal a strategic move to enhance shareholder value.
For further insights into GB:MRO stock, check out TipRanks’ Stock Analysis page.
