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Flutter Entertainment PLC ( (FLUT) ) has provided an announcement.
Flutter Entertainment PLC announced the acquisition and subsequent cancellation of a portion of its ordinary shares as part of its ongoing share buyback program. This transaction, facilitated through Goldman Sachs & Co. LLC, is part of Flutter’s broader strategy to repurchase up to $5 billion worth of shares, with an immediate target of $350 million by March 2025. The buyback is aimed at optimizing the company’s capital structure and providing value to shareholders.
More about Flutter Entertainment PLC
Flutter Entertainment PLC operates within the gaming and betting industry, offering a range of products and services that include online gambling, sports betting, and gaming services. The company focuses on leveraging its platform to provide engaging and secure betting experiences to its global customer base.
YTD Price Performance: 3.09%
Average Trading Volume: 167,427
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £38.36B
For a thorough assessment of FLUT stock, go to TipRanks’ Stock Analysis page.