Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Flutter Entertainment PLC ( (FLUT) ) just unveiled an update.
Flutter Entertainment has continued executing its previously announced share buyback programme, repurchasing and redeeming 66,066 ordinary shares in the U.S. market on March 16 at a volume-weighted average price of about $108.63 per share, with the shares to be cancelled. The transactions, carried out via Goldman Sachs across multiple trading venues, form part of a targeted $250 million repurchase over 10 weeks within a broader plan to buy back up to $5 billion of stock, and will reduce the company’s share count to 175,289,473, incrementally enhancing capital returns and potentially improving earnings per share for investors.
More about Flutter Entertainment PLC
Flutter Entertainment plc is a global sports-betting and online gaming group, best known for brands such as FanDuel, Paddy Power and Betfair. The company operates primarily in regulated markets across the U.S., U.K., Ireland and other international jurisdictions, focusing on digital wagering, iGaming and related entertainment services.
For detailed information about FLUT stock, go to TipRanks’ Stock Analysis page.