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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.