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The latest announcement is out from Melrose ( (GB:MRO) ).
Melrose Industries PLC, a company involved in share buyback programs, has announced the purchase of 72,200 of its ordinary shares through J.P. Morgan Securities plc, with a weighted average price of 556.9572 per share. The purchased shares will be held in treasury, bringing the total number of treasury shares to 65,416,918, while the total shares in issue are 1,286,058,403. This transaction is part of a broader buyback program, which is aimed at consolidating the company’s stock, potentially impacting its market valuation and delivering value to shareholders.
More about Melrose
YTD Price Performance: 0.07%
Average Trading Volume: 4,120,756
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £7.14B
For a thorough assessment of MRO stock, go to TipRanks’ Stock Analysis page.
