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Melrose shares climb on Garden Grove plant reopening timeline
Source: reuters.com
Company FundamentalsCorporate Guidance & OutlookLegal & Litigation
Melrose Industries shares jumped 8% after the company said it will target Sept. 28 to resume full production at its Garden Grove facility. It also expects to pay up to $100 million to settle damage claims tied to a May overheating chemical tank incident, reducing uncertainty around potential disruption and liabilities.
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