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Flutter Entertainment PLC ( (FLUT) ) has issued an update.
Flutter Entertainment PLC has executed a share buyback transaction, acquiring its ordinary shares in the United States through Goldman Sachs & Co. LLC, which will subsequently be canceled. This move is part of a larger initiative to repurchase up to $350 million worth of shares by March 2025, and forms part of a broader $5 billion share buyback program announced earlier. This strategic financial maneuver aims to enhance shareholder value and optimize the company’s capital structure, potentially impacting its market position and stakeholder interests.
More about Flutter Entertainment PLC
Flutter Entertainment PLC is a global sports betting, gaming, and entertainment provider. It operates in the online and retail sectors, offering a wide range of betting products and gaming services to a diverse market, focusing on both casual and professional bettors worldwide.
YTD Price Performance: 48.57%
Average Trading Volume: 164,935
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £36.85B
For detailed information about FLUT stock, go to TipRanks’ Stock Analysis page.
