Flutter Entertainment (FLUT) said Wednesday it entered into non-discretionary arrangements with Goldman Sachs (GS) to repurchase up to $300 million of its shares under the second tranche of its multi-year share buyback program.
The company said the buyback will run from April 1 through June 30, with the maximum number of shares to be acquired about 17.7 million fewer than those bought in the first tranche.
Flutter said it expects to return around $1 billion to shareholders through the program in 2025.
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