The latest update is out from Melrose ( (GB:MRO) ).
Melrose Industries PLC, a company involved in industrial manufacturing, announced a significant transaction involving the repurchase of 411,051 of its ordinary shares through J.P. Morgan Securities plc. The shares were bought at prices ranging from 431.9000 to 493.5000 per share, with a weighted average price of 472.5540. This move is part of Melrose’s buyback program, and the purchased shares will be held in treasury. Following this transaction, Melrose holds 68,936,702 ordinary shares in treasury, with 1,282,538,619 shares in issue excluding treasury shares. This strategic buyback could potentially enhance shareholder value and indicates the company’s confidence in its financial health.
More about Melrose
YTD Price Performance: -11.52%
Average Trading Volume: 3,668,455
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £6.29B
See more data about MRO stock on TipRanks’ Stock Analysis page.
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