Flutter Entertainment (FLUT) announced that it has entered into non-discretionary arrangements with Goldman Sachs to repurchase ordinary shares on Flutter’s behalf for an aggregate maximum consideration of up to $350M on the New York Stock Exchange. The buyback will commence November 14 on the New York Stock Exchange, and will end no later than March 31, 2025.The purpose of the buyback is to reduce the share capital of Flutter. This buyback is the first tranche of the share repurchase program of up to $5B authorized by the board as announced on September 25. The maximum number of ordinary shares which may be acquired pursuant to the Buyback is 17,739,905.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FLUT:
- Flutter Entertainment Launches Major Share Buyback Program
- Flutter Entertainment price target raised to $299 from $287 at JMP Securities
- Flutter Entertainment price target raised to $300 from $295 at Wells Fargo
- Flutter Entertainment price target raised to $301 from $275 at Barclays
- Flutter Entertainment’s Strong Q3 and Strategic Expansions