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An announcement from Flutter Entertainment PLC ( (FLUT) ) is now available.
Flutter Entertainment PLC has commenced a share buyback program, acquiring and cancelling a significant number of its ordinary shares through its broker, Goldman Sachs & Co. LLC. This acquisition is part of a larger $350 million buyback plan set to run until March 2025 and is a step toward the company’s broader strategy to repurchase $5 billion worth of shares. These strategic buybacks are expected to optimize the company’s capital allocation and potentially enhance shareholder value, reflecting Flutter’s strong financial position and commitment to its stakeholders.
More about Flutter Entertainment PLC
Flutter Entertainment PLC is a prominent company in the gambling and gaming industry, known for providing online betting and gaming services. The company operates multiple brands across various markets, focusing on delivering a diverse range of gaming and betting products globally.
YTD Price Performance: 49.00%
Average Trading Volume: 164,428
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £37.03B
For an in-depth examination of FLUT stock, go to TipRanks’ Stock Analysis page.
