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Melrose ( (GB:MRO) ) has issued an announcement.
Melrose Industries PLC has completed a share buyback program, purchasing 71,000 of its ordinary shares at prices ranging from 544.8000 to 563.2000 pence per share, with a weighted average price of 555.5935 pence. These shares will be held in treasury, bringing the total to 65,630,918 treasury shares, while the company has 1,285,844,403 shares in issue excluding treasury shares. This transaction is part of Melrose’s ongoing strategy to manage its capital structure and potentially enhance shareholder value.
More about Melrose
YTD Price Performance: 0.61%
Average Trading Volume: 4,021,233
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £7.24B
For an in-depth examination of MRO stock, go to TipRanks’ Stock Analysis page.
