The latest announcement is out from Melrose ( (GB:MRO) ).
Melrose Industries PLC has announced the purchase of 64,100 of its ordinary shares through J.P. Morgan Securities plc, with plans to hold these shares in treasury. This transaction is part of a buyback program, indicating a strategy to consolidate ownership and potentially enhance shareholder value. Following this transaction, Melrose Industries now holds 67,555,474 ordinary shares in treasury, with a total of 1,283,919,847 shares in issue.
More about Melrose
YTD Price Performance: 10.65%
Average Trading Volume: 3,197,805
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £7.87B
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