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Flutter Entertainment PLC ( (FLUT) ) just unveiled an announcement.
Flutter Entertainment PLC announced the acquisition and subsequent cancellation of its own ordinary shares in the U.S. as part of a broader buyback program, aiming to repurchase up to $350 million in shares by March 31, 2025. This initiative, facilitated by Goldman Sachs, is part of Flutter’s long-term strategy to buy back $5 billion of shares, reflecting the company’s commitment to enhancing shareholder value and strengthening its market position.
More about Flutter Entertainment PLC
Flutter Entertainment PLC operates within the global sports betting and gaming industry, providing a range of online gambling products and services, including sports betting, casino games, and poker. The company focuses on expanding its market presence through strategic acquisitions and innovative offerings in both regulated and newly emerging markets.
YTD Price Performance: 3.62%
Average Trading Volume: 148,377
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £38.58B
See more insights into FLUT stock on TipRanks’ Stock Analysis page.
