Manchester United Plc shares rose as much as 10% in US premarket trading after people familiar with the matter said a Qatari group led by Sheikh Jassim submitted an improved offer for the English football club.
(Bloomberg) — Manchester United Plc shares rose as much as 10% in US premarket trading after people familiar with the matter said a Qatari group led by Sheikh Jassim submitted an improved offer for the English football club.
Man United’s stock was up 9.7% to $20.80 apiece as of 5:20 a.m. in New York, where it is listed. The per-share value of any deal remains unclear. Man United had a market capitalization of $3.1 billion at the close of trading on Tuesday.
The Qatar-led group is offering to buy 100% of the club. News of the improved bid follows reports last week that British billionaire Jim Ratcliffe was close to securing a deal to buy the team.
–With assistance from Alexandra Muller.
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