Flutter Entertainment PLC (FLUT) has released an update.
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Flutter Entertainment PLC has initiated a share buyback program, acquiring a substantial number of its own shares through Goldman Sachs & Co. LLC. This strategic move is part of Flutter’s broader plan to repurchase up to $5 billion of shares, enhancing shareholder value and optimizing its capital structure. Following these transactions, the company will have 178,084,998 ordinary shares in issue.
For further insights into FLUT stock, check out TipRanks’ Stock Analysis page.