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Flutter Entertainment PLC ( (FLUT) ) has provided an update.
Flutter Entertainment PLC has announced the acquisition and cancellation of its own 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 its capital structure. The recent transactions, facilitated by Davy Securities, involved the purchase of shares across multiple trading venues, with the company now having 175,296,718 ordinary shares in issue. This strategic financial maneuver is expected to impact the company’s market positioning and stakeholder interests positively.
More about Flutter Entertainment PLC
Flutter Entertainment PLC operates in the gambling and entertainment industry, providing a range of betting and gaming products and services. The company is known for its focus on online and retail betting, and it holds a significant market presence in various regions, including the United States and the United Kingdom.
Find detailed analytics on FLUT stock on TipRanks’ Stock Analysis page.