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Melrose ( (GB:MRO) ) just unveiled an update.
Melrose Industries PLC announced the purchase of 36,577 ordinary shares, priced between 542.8000 and 548.8000 pence, with a weighted average of 545.9404 pence. The shares will be held in treasury, increasing the company’s treasury stock to 65,018,009 shares, while the total shares in issue stand at 1,286,457,312. This move is part of their ongoing buyback programme, potentially aimed at optimizing capital structure and enhancing shareholder value.
More about Melrose
YTD Price Performance: -2.73%
Average Trading Volume: 4,365,441
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £7.03B
For detailed information about MRO stock, go to TipRanks’ Stock Analysis page.
