Flutter Entertainment PLC (FLUT) has released an update.
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Flutter Entertainment PLC has announced the redemption and cancellation of its own shares, acquiring over 13,000 shares at an average price of approximately $275 each. This activity is part of a larger $5 billion buyback program aimed at enhancing shareholder value, with a specific allocation of $350 million set to be repurchased by the end of March 2025. The transactions, executed through Goldman Sachs, are a strategic move by Flutter to optimize its capital structure.
For further insights into FLUT stock, check out TipRanks’ Stock Analysis page.
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