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Melrose ( (GB:MRO) ) has shared an announcement.
Melrose Industries PLC announced the repurchase of 73,377 of its ordinary shares, with the intention to hold them in treasury. This transaction reflects a strategic move in its ongoing buyback program, highlighting efforts to manage its capital structure. The purchase was executed through J.P. Morgan Securities, with shares acquired on both the London Stock Exchange and BATS Europe at a weighted average price of 549.0920 GBP. This action increases the number of shares held in treasury to 65,272,718, providing Melrose with flexibility in capital management and potentially enhancing shareholder value.
More about Melrose
YTD Price Performance: -1.95%
Average Trading Volume: 4,202,900
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £6.98B
For detailed information about MRO stock, go to TipRanks’ Stock Analysis page.