Flutter Entertainment PLC ( (FLUT) ) just unveiled an update.
Flutter Entertainment PLC announced the acquisition and cancellation of its ordinary shares as part of a $350 million share buyback program, which is a segment of a larger $5 billion buyback initiative. This strategic move, facilitated by Goldman Sachs & Co. LLC, aims to enhance shareholder value and optimize the company’s capital structure by reducing the number of shares in circulation, potentially increasing the value of remaining shares.
More about Flutter Entertainment PLC
Flutter Entertainment PLC is a global sports betting and gaming company. It operates in the gambling industry, offering a range of products and services including online sports betting, gaming, and entertainment. The company focuses on expanding its market presence in the United States and other international markets.
YTD Price Performance: -18.19%
Average Trading Volume: 236,537
Technical Sentiment Signal: Hold
Current Market Cap: £31.38B
Learn more about FLUT stock on TipRanks’ Stock Analysis page.