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Melrose ( (GB:MRO) ) just unveiled an announcement.
Melrose Industries PLC has announced the purchase of 36,400 of its own ordinary shares through J.P. Morgan Securities plc, with prices ranging from £539.8000 to £549.4000. These shares will be held in treasury, bringing the total to 64,725,264 shares. This move is part of the company’s ongoing buyback program, which seeks to optimize its capital structure and potentially enhance shareholder value.
More about Melrose
YTD Price Performance: -2.23%
Average Trading Volume: 4,312,145
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £7.07B
For a thorough assessment of MRO stock, go to TipRanks’ Stock Analysis page.
