Manchester United shares closed up 7.4% at $24, their highest closing price since June 15.
Manchester United shares ended Tuesday’s session up more than 7%, boosted by the U.K.-based football club’s narrow third-quarter adjusted losses and raised outlook.
However, the protracted takeover battle... Manchester United shares ended Tuesday’s session up more than 7%, boosted by the U.K.-based football club’s narrow third-quarter adjusted losses and raised outlook. However, the protracted takeover battle for the iconic club is in its eighth month. Sheikh Jassim, the chair of Qatar Islamic Bank and the son of a past prime minister of Qatar, and Sir Jim Ratcliffe, the chief executive of the chemical giant Ineos, have made rival bids for Manchester United.
The American Glazer family took control of Manchester United in 2005. In November, they confirmed they were exploring potential financial investment in, or an outright sale of, the Premier League club.
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