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Tate & Lyle ( (GB:TATE) ) has shared an update.
Tate & Lyle PLC has announced the repurchase of 194,331 of its ordinary shares as part of a previously declared share buyback program. The shares, purchased from Merrill Lynch International at an average price of £6.62 per share, will be held in the company’s treasury. This move is part of Tate & Lyle’s strategic financial management, likely aimed at optimizing its capital structure and potentially returning value to its shareholders.
More about Tate & Lyle
YTD Price Performance: 5.02%
Average Trading Volume: 1,507,895
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.97B
For an in-depth examination of TATE stock, go to TipRanks’ Stock Analysis page.
