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Melrose ( (GB:MRO) ) has provided an update.
Melrose Industries PLC has completed a share buyback, acquiring 61,700 of its ordinary shares through J.P. Morgan Securities PLC at prices ranging from 630.6000 to 648.0000 per share. The company plans to hold these shares in treasury, increasing its total treasury-held shares to 67,428,274. This move is part of Melrose’s ongoing buyback program and reflects its strategic effort to manage its capital structure, which could impact shareholder value by potentially increasing earnings per share.
More about Melrose
YTD Price Performance: 14.45%
Average Trading Volume: 3,418,393
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £8.33B
For detailed information about MRO stock, go to TipRanks’ Stock Analysis page.
