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Melrose ( (GB:MRO) ) just unveiled an update.
Melrose Industries PLC has announced the repurchase of 36,298 of its ordinary shares through J.P. Morgan Securities plc, with the intention to hold these shares in treasury. This move is part of the company’s ongoing buyback program, which aims to manage the capital structure and provide shareholder value. With this transaction, Melrose now holds 64,981,432 shares in treasury, while the total number of shares in issue, excluding treasury shares, stands at 1,286,493,889. The share buyback reflects Melrose’s strategic focus on optimizing its financial position and demonstrates its commitment to enhancing shareholder returns.
More about Melrose
YTD Price Performance: -2.73%
Average Trading Volume: 4,365,441
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £7.03B
For a thorough assessment of MRO stock, go to TipRanks’ Stock Analysis page.
