United shares soar on takeover speculation
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Industry sources say US sports tycoon Malcolm Glazer is poised to make a 650 million pounds ($A1.6 billion) bid for control of English superclub Manchester United.
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LONDON  - The family of US sports tycoon Malcolm Glazer moved a step closer to seizing control of Manchester United, raising its stake in the club to 28.
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Manchester United, the world's richest football club, said it had received a preliminary takeover approach, following reports that American sports tycoon Malcolm Glazer was plotting to seize control.
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Fans and small shareholders in Man United hope to increase their holdings as a way of seeing off Malcolm Glazer or any other bidder for the club.
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JP Morgan, the investment bank advising Malcolm Glazer, today said its client had raised his stake in Manchester United to 28.11%, putting the American within touching distance of the holding he would need to launch a takeover bid.
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American business tycoon Malcolm Glazer has increased his stake in Manchester United by buying another Â£17million worth of shares in the club.
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Shares in Manchester United surged as US sports tycoon Malcolm Glazer reportedly raised his stake in the club, though the English football giants said that no firm take-over offer had been received.
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US sports tycoon Malcolm Glazer could launch a takeover bid for English football giants Manchester United this week after securing financing and making contact with the club's largest shareholders, newspapers ...
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American sports tycoon Malcolm Glazer has increased his stake in Manchester United to 25.3 per cent. While the purchase of additional shares does not necessarily signal a bid it does confirm that Glazer is
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Malcolm Glazer has increased his stake in Manchester United for the third day in succession to take his holding to 28.11 per cent.
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Malcolm Glazer today increased his stake in Manchester United for the third time in as many days - and moved a step closer to launching a takeover bid.
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Malcolm Glazer edged closer to triggering a mandatory bid for Manchester United last night by increasing his stake in the club to 27.
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LONDON - Manchester United have received a bid approach that boosted their shares yesterday and fanned talk that American sports tycoon Malcolm Glazer is planning a bid likely to top Â£650 million (S$2 billion).
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LONDON : Manchester United, the world&#39;s richest football club, said it had received a preliminary take-over approach, following reports that American sports tycoon Malcolm Glazer was plotting to seize control.
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US sports tycoon Malcolm Glazer confirms that he has raised his stake in Manchester United to 25.3%.
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Shares in United Airlines' parent company, UAL Corp., rose yesterday following a published report that it has retained Goldman Sachs Group Inc. to explore strategic options, including possible mergers with other carriers.
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Manchester United has received a bid approach, boosting its shares as industry sources said U.S. sports tycoon Malcolm Glazer planned a bid of more than 650 million pounds.