Tate & Lyle (GB:TATE) has released an update.
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Tate & Lyle has purchased over 421,000 of its own shares as part of a share buyback program, paying an average price of £7.79 per share. This move, executed through Merrill Lynch International, reflects the company’s strategy to enhance shareholder value by reducing the number of shares in circulation. The repurchased shares will be held in treasury, with nearly 19 million shares now retained by the company.
For further insights into GB:TATE stock, check out TipRanks’ Stock Analysis page.