Flutter Entertainment PLC ( (FLUT) ) has shared an announcement.
Flutter Entertainment PLC announced the acquisition and subsequent cancellation of its ordinary shares as part of a share buyback program. This move is part of Flutter’s broader strategy to repurchase up to $5 billion of shares, aiming to enhance shareholder value and optimize capital structure. The buyback, executed through Goldman Sachs & Co. LLC, reflects Flutter’s strong financial position and commitment to returning capital to shareholders, potentially impacting the company’s stock performance and market perception positively.
More about Flutter Entertainment PLC
Flutter Entertainment PLC is a global sports betting, gaming, and entertainment provider. It operates a diverse portfolio of brands and platforms, offering online and retail betting services, casino games, and other entertainment products to a wide range of markets worldwide.
YTD Price Performance: -12.38%
Average Trading Volume: 116,506
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £32.52B
For an in-depth examination of FLUT stock, go to TipRanks’ Stock Analysis page.