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Flutter Entertainment PLC ( (FLUT) ) has shared an announcement.
Flutter Entertainment PLC announced a significant transaction involving the buyback of its own shares, acquiring 14,532 ordinary shares through its broker, Goldman Sachs & Co. LLC, for cancellation. This initiative is part of a broader strategy to repurchase up to $350 million of shares by March 31, 2025, contributing to a larger $5 billion buyback scheme announced earlier. The move is expected to optimize the company’s capital structure and potentially enhance shareholder value by reducing the number of shares in circulation.
More about Flutter Entertainment PLC
Flutter Entertainment PLC is a prominent player in the global gambling and entertainment industry. The company offers a variety of betting and gaming products through its diverse brand portfolio, serving a broad market focus across sports betting, gaming, and entertainment segments.
YTD Price Performance: 3.62%
Average Trading Volume: 161,363
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £37.84B
Learn more about FLUT stock on TipRanks’ Stock Analysis page.
