Flutter Entertainment PLC (FLUT) has released an update.
Flutter Entertainment PLC has initiated a significant share buyback program, acquiring over 13,000 of its ordinary shares in the US through Goldman Sachs, with a plan to repurchase up to $350 million worth of shares by March 2025. This move is part of a broader $5 billion share buyback strategy announced earlier in September 2024, aimed at enhancing shareholder value. After the recent transactions, the company now has approximately 178 million ordinary shares in circulation.
For further insights into FLUT stock, check out TipRanks’ Stock Analysis page.