An announcement from Melrose ( (GB:MRO) ) is now available.
Melrose Industries PLC, a company involved in the acquisition and improvement of underperforming businesses, has announced the purchase of 382,780 of its own ordinary shares through J.P. Morgan Securities plc. These shares will be held in treasury, increasing the total number of treasury shares to 71,181,627. This move is part of a broader buyback program, which could potentially enhance shareholder value and signal confidence in the company’s financial health.
More about Melrose
YTD Price Performance: -4.30%
Average Trading Volume: 3,763,537
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £6.79B
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