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Flutter Entertainment PLC ( (FLUT) ) has shared an announcement.
Flutter Entertainment PLC has announced the acquisition and subsequent cancellation of its ordinary shares in a move that forms part of its extensive share buyback program. This initiative, involving a substantial buyback of up to $5 billion in shares, is designed to optimize the company’s capital structure and return value to shareholders, marking a significant step in financial management and stakeholder engagement.
More about Flutter Entertainment PLC
Flutter Entertainment PLC operates in the online gambling and betting industry, offering a range of products such as sports betting, gaming, and entertainment services. The company focuses on expanding its market presence through strategic acquisitions and leveraging technology to enhance user experience.
YTD Price Performance: -1.21%
Average Trading Volume: 166,639
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £37B
Find detailed analytics on FLUT stock on TipRanks’ Stock Analysis page.
