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LON:MRO

Melrose

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Market:
LON
Market Cap:
£99.84 m
Price
£2.05
Change
-1.04%
52 weeks high
226.40
52 weeks low
145.95

In brief

Melrose floated with the strategy of acquiring businesses whose operational performance can be improved to create shareholder value.  Since then, Melrose has acquired three engineering companies; Dynacast, McKechnie and FKI plc.  Melrose went on to sell a large part of McKechnie in August 2007, and returned the bulk of the proceeds to shareholders.  Melrose acquired FKI on 1 July 2008 for just under £1 billion.