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Flutter Entertainment PLC ( (FLUT) ) just unveiled an announcement.
Flutter Entertainment PLC has executed a share buyback transaction, acquiring and subsequently canceling a number of its ordinary shares through its broker, Goldman Sachs & Co. LLC, as part of a larger $350 million buyback program scheduled to conclude by March 31, 2025. This move is part of a broader $5 billion share repurchase strategy announced in September 2024, aimed at enhancing shareholder value and optimizing the company’s capital structure.
More about Flutter Entertainment PLC
Flutter Entertainment PLC operates within the global entertainment and gambling industry, providing a range of betting and gaming services. The company engages in online sports betting, gaming, and casino offerings, catering to various international markets.
YTD Price Performance: 5.36%
Average Trading Volume: 165,050
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £38.54B
Learn more about FLUT stock on TipRanks’ Stock Analysis page.
