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Flutter Entertainment PLC ( (FLUT) ) has issued an announcement.
Flutter Entertainment PLC announced the redemption and cancellation of its ordinary shares in the United States as part of its ongoing $350 million share buyback program. This move aligns with the company’s broader strategy to repurchase up to $5 billion in shares, indicating a strong financial position and commitment to increasing shareholder value.
More about Flutter Entertainment PLC
Flutter Entertainment PLC operates in the global sports betting and gaming industry, offering a wide range of products and services including online gaming, sports betting, and gaming solutions. The company has a significant market presence with a focus on expanding its operations and market share through strategic initiatives such as share buybacks.
YTD Price Performance: 3.86%
Average Trading Volume: 150,195
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £38.51B
Learn more about FLUT stock on TipRanks’ Stock Analysis page.
