Melrose (GB:MRO) has released an update.
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Melrose Industries has executed a buyback of 34,000 ordinary shares, held through J.P. Morgan Securities, with a weighted average price of 577.36 pence per share. This transaction is part of their ongoing strategy to manage share capital effectively, holding these shares in treasury. The latest buyback boosts Melrose’s treasury holdings to over 64 million shares, signalling confidence in their stock value.
For further insights into GB:MRO stock, check out TipRanks’ Stock Analysis page.
