Smiths Group plc (GB:SMIN) has released an update.
Smiths Group PLC, a global engineering company, has announced the buyback and subsequent cancellation of a considerable number of its own shares from the London Stock Exchange, facilitated by J.P. Morgan Securities. This strategic move is part of a plan previously disclosed on March 26, 2024, and is aimed at optimizing shareholder value. The company, with over 170 years of history, operates in energy, general industry, safety & security, and aerospace sectors, employing more than 15,000 people worldwide.
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