Melrose (GB:MRO) has released an update.
Melrose Industries PLC has repurchased 80,000 of its own ordinary shares through J.P. Morgan Securities, with plans to hold these in treasury. The purchase, executed at an average price of 504.5055 pence per share, reflects the company’s ongoing share buyback program. This transaction leaves Melrose with over 63 million shares in treasury, indicating a strategic move to enhance shareholder value.
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