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An announcement from Melrose ( (GB:MRO) ) is now available.
Melrose Industries PLC, a company involved in the acquisition and improvement of underperforming businesses, has announced the repurchase of 35,500 of its ordinary shares at varying prices through J.P. Morgan Securities. The shares will be held in treasury, increasing the treasury stock to 64,617,764 shares. This move is part of Melrose’s ongoing share buyback program, reflecting its strategy to enhance shareholder value and manage its capital structure effectively.
More about Melrose
YTD Price Performance: 0.15%
Average Trading Volume: 4,333,503
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £7.25B
Learn more about MRO stock on TipRanks’ Stock Analysis page.
