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The latest announcement is out from Flutter Entertainment PLC ( (FLUT) ).
Flutter Entertainment PLC announced the acquisition and subsequent cancellation of a number of its ordinary shares in the United States as part of its ongoing share buyback program. This move is part of Flutter’s strategy to repurchase up to $245 million worth of shares by the end of 2025, contributing to a larger $5 billion buyback initiative announced in 2024. The reduction in outstanding shares is expected to enhance shareholder value and reflects the company’s confidence in its financial position.
More about Flutter Entertainment PLC
Flutter Entertainment PLC operates in the gambling and entertainment industry, offering a range of betting and gaming services. The company is known for its online and retail betting platforms, with a significant market presence in the United States and other international markets.
See more insights into FLUT stock on TipRanks’ Stock Analysis page.