An update from Melrose ( (GB:MRO) ) is now available.
Melrose Industries PLC, a company involved in the manufacturing sector, has announced a share buyback program where it purchased 193,600 of its ordinary shares through J.P. Morgan Securities plc. The shares were bought at prices ranging from 494.7000 to 512.6000 per share, with a weighted average price of 504.6547. These shares will be held in treasury, increasing the total number of treasury shares to 33,256,150 while the total shares in issue remain at 1,278,219,171. This move is part of Melrose’s strategy to manage its capital structure and potentially enhance shareholder value.
More about Melrose
YTD Price Performance: -10.35%
Average Trading Volume: 3,807,026
Technical Sentiment Signal: Hold
Current Market Cap: £6.3B
For an in-depth examination of MRO stock, go to TipRanks’ Stock Analysis page.