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The latest announcement is out from Melrose ( (GB:MRO) ).
Melrose Industries PLC, a company involved in share buyback programs, announced the purchase of 68,200 of its ordinary shares at prices ranging from 584.4000 to 595.6000, with a weighted average price of 590.2894. This transaction is part of its ongoing buyback program facilitated by J.P. Morgan Securities PLC and will see the shares held in treasury, increasing the total treasury shares to 66,192,991. The move signifies a strategic decision to manage share capital and possibly enhance shareholder value.
More about Melrose
YTD Price Performance: 5.27%
Average Trading Volume: 3,971,836
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £7.49B
For an in-depth examination of MRO stock, go to TipRanks’ Stock Analysis page.
