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Flutter Entertainment PLC ( (FLUT) ) has provided an update.
Flutter Entertainment PLC announced the acquisition and cancellation of its ordinary shares as part of a share buyback program, aiming to repurchase up to $300 million worth of shares by June 30, 2025. This move is part of a larger $5 billion buyback plan initiated in September 2024, reflecting the company’s strategy to enhance shareholder value and optimize its capital structure.
More about Flutter Entertainment PLC
Flutter Entertainment PLC operates in the gambling and entertainment industry, providing a range of betting and gaming products. The company focuses on both online and retail sectors, offering services such as sports betting, casino games, and poker, with a significant market presence in Europe, the United States, and Australia.
Learn more about FLUT stock on TipRanks’ Stock Analysis page.