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IN BRIEF: Flutter to start fifth tranche under $5 billion buyback

ALN

Flutter Entertainment PLC - New York-based bookmaker which owns FanDuel, Betfair and Paddy Power - Commences the fifth tranche, worth up to $250 million, under its mulit-year share buyback programme, worth up to $5 billion, announced back in September 2024. Notes the buyback will begin on Thursday on the New York Stock Exchange, and will run until May 21 at the latest, with a reduction in share capital the sole purpose of the schemes. Notes Goldman Sachs & Co LLC will repurchase the shares on its behalf.

Current stock price: 8,032.00 pence, up 1.1% on Wednesday morning in London

12-month change: down 55%

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