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Flutter Entertainment PLC ( (FLUT) ) just unveiled an announcement.
Flutter Entertainment PLC announced the redemption and cancellation of a significant number of its own ordinary shares, as part of its ongoing share buyback program. This move, facilitated by Goldman Sachs & Co. LLC, is part of a larger strategy to repurchase up to $5 billion worth of shares, aiming to enhance shareholder value and optimize its capital structure. The cancellation of these shares reduces the total number of shares in issue, potentially impacting the company’s stock performance and market perception.
More about Flutter Entertainment PLC
Flutter Entertainment PLC operates in the gaming and entertainment industry, providing a range of betting and gaming services. The company is known for its online gaming platforms and operates in various international markets.
Average Trading Volume: 162,760
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £36.73B
See more data about FLUT stock on TipRanks’ Stock Analysis page.
