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Flutter Entertainment PLC ( (FLUT) ) has issued an update.
Flutter Entertainment PLC announced the acquisition and subsequent cancellation of a number of its ordinary shares in the United States as part of a larger share buyback initiative. This move is part of Flutter’s plan to repurchase up to $350 million in shares by March 2025, contributing to a broader $5 billion buyback strategy. The transactions, executed through broker Goldman Sachs & Co. LLC, aim to enhance shareholder value and optimize the company’s capital structure, reflecting Flutter’s strong financial position and commitment to returning capital to shareholders.
More about Flutter Entertainment PLC
Flutter Entertainment PLC is a global sports betting and gaming company. It offers a range of betting products and services, primarily focusing on online and retail betting markets. The company operates well-known brands such as Paddy Power, Betfair, and FanDuel, positioning itself as a leader in the sports betting and gaming industry.
YTD Price Performance: 49.64%
Average Trading Volume: 180,102
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £37.24B
See more data about FLUT stock on TipRanks’ Stock Analysis page.