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Tate & Lyle ( (GB:TATE) ) has issued an announcement.
Tate & Lyle has executed a share buyback transaction, purchasing 125,798 of its ordinary shares through Merrill Lynch International. This transaction is part of a previously announced share buyback program. The repurchased shares will be held in treasury, contributing to a total of 28,637,103 treasury shares, with 448,087,118 shares remaining in issue. This move is likely aimed at enhancing shareholder value and optimizing the company’s capital structure.
More about Tate & Lyle
Tate & Lyle PLC is a company in the food industry, primarily focused on the production of ingredients and solutions for food and beverage manufacturers.
YTD Price Performance: 10.64%
Average Trading Volume: 1,456,490
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £3.14B
For detailed information about TATE stock, go to TipRanks’ Stock Analysis page.
