Melrose (GB:MRO) has released an update.
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Melrose Industries PLC has reported the purchase of 202,083 of its own ordinary shares at prices ranging between 458.40 pence and 467.20 pence through Investec Bank plc. These shares will be held in treasury, following the transaction Melrose now has 58,324,756 shares in treasury and 1,293,150,565 shares in issue. This move is part of the company’s buyback program and may be of interest to investors monitoring share repurchasing activities and its potential impact on stock performance.
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