The latest announcement is out from Melrose ( (GB:MRO) ).
Melrose Industries PLC, a company involved in the acquisition and improvement of manufacturing businesses, announced the purchase of 61,800 of its ordinary shares through J.P. Morgan Securities plc. The shares were bought at prices ranging from 637.0000 to 658.8000 per share, with a weighted average price of 647.9206. The company intends to hold these shares in treasury, which now totals 67,964,240 ordinary shares, while the total shares in issue, excluding treasury shares, is 1,283,511,081. This transaction is part of Melrose’s ongoing buyback program, which may impact the company’s share value and market perception by reducing the number of shares available in the market, potentially increasing shareholder value.
More about Melrose
YTD Price Performance: 15.75%
Average Trading Volume: 2,903,390
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £8.23B
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