Melrose (GB:MRO) has released an update.
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Melrose Industries PLC announced the purchase of 64,888 ordinary shares, with prices ranging from 495.0000 to 512.4000 each, as part of its stock buyback program. The shares, acquired through J.P. Morgan Securities, will be held in treasury, leaving the company with over 63 million shares in treasury and 1.28 billion shares in issue. This strategic move is likely aimed at strengthening the company’s stock value and optimizing shareholder returns.
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