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Flutter Entertainment PLC ( (FLUT) ) has shared an announcement.
Flutter Entertainment PLC announced the acquisition and subsequent cancellation of its own ordinary shares as part of a larger share buyback initiative. This move, conducted through Goldman Sachs & Co. LLC, forms part of Flutter’s ongoing strategy to repurchase up to $5 billion in shares, following a previously announced $350 million buyback plan set to conclude by March 31, 2025. The strategic buyback is designed to enhance shareholder value and optimize the company’s capital structure, reflecting confidence in its financial health and future prospects.
More about Flutter Entertainment PLC
Flutter Entertainment PLC operates in the global gambling and gaming industry, providing a range of betting and gaming services through its various brands. The company focuses on both online and retail betting markets, offering products such as sports betting, online casino games, poker, and daily fantasy sports.
YTD Price Performance: 55.31%
Average Trading Volume: 206,766
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £38.28B
See more data about FLUT stock on TipRanks’ Stock Analysis page.
