Melrose (GB:MRO) has released an update.
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Melrose Industries PLC has executed a buyback of 34,900 ordinary shares at prices ranging from £562 to £571 per share, with an average price of £567.28. These shares will be held in treasury, increasing the total treasury stock to 64,546,864 shares and leaving 1,286,928,457 shares in circulation. This strategic move could be indicative of Melrose’s confidence in its market position and potential for future growth.
For further insights into GB:MRO stock, check out TipRanks’ Stock Analysis page.
