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The latest update is out from Melrose ( (GB:MRO) ).
Melrose Industries PLC has announced the repurchase of 64,800 of its ordinary shares, valued between 612.0000 and 620.2000 pence per share, through J.P. Morgan Securities plc. The company plans to hold these shares in treasury, adding to its existing 67,049,691 shares held, with a total of 1,284,425,630 shares in issue excluding treasury shares. This buyback is part of their ongoing buyback programme, which could impact the company’s stock liquidity and shareholder value.
More about Melrose
YTD Price Performance: 11.34%
Average Trading Volume: 3,578,778
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £7.93B
For detailed information about MRO stock, go to TipRanks’ Stock Analysis page.
