BTIG Reiterates Buy Rating on Flutter Entertainment (FLUT)
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Barclays Reiterates Overweight Rating on Flutter Entertainment (FLUT), 'We are favorable toward this acquisition'
September 17, 2024 10:20 AM EDTBarclays analyst Brandt Montour reiterated an Overweight rating and $263.00 price target on Flutter Entertainment (NYSE: FLUT).
The analyst comments "We are favorable toward this acquisition, based in part on the unique attributes of the Italian market. With 21b of total TAM and only 21% online... More
Flutter Entertainment (FLUT) Acquires Snaitech for EUR 2.3B Cash
September 17, 2024 6:13 AM EDTAddition of Snai enhances Flutter's gold medal position in attractive Italian market
Flutter Entertainment (NYSE: FLUT) announces that it has agreed to acquire Snaitech S.p.A. ("Snai"), one of Italy's leading omni-channel operators, from a subsidiary of Playtech plc, for cash consideration based on an enterprise value of 2.3b1.
The acquisition fully aligns with Flutter's strategy to invest in leadership positions in international markets. We expect the transaction to close by Q2 2025 and it is expected to be immediately accretive to earnings per... More
