Flutter Entertainment PLC ( (FLUT) ) has provided an announcement.
Flutter Entertainment PLC announced the acquisition and subsequent cancellation of a significant number of its ordinary shares as part of a broader share buyback program. This move, facilitated by Goldman Sachs & Co. LLC, is part of Flutter’s strategy to repurchase up to $5 billion in shares, aiming to enhance shareholder value and optimize its capital structure.
More about Flutter Entertainment PLC
Flutter Entertainment PLC operates in the gambling and entertainment industry, offering a range of betting and gaming products and services. The company is known for its focus on online and retail sports betting, gaming, and entertainment solutions, catering to a global market.
YTD Price Performance: 5.12%
Average Trading Volume: 117,150
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £39.48B
For an in-depth examination of FLUT stock, go to TipRanks’ Stock Analysis page.