Shares of Premier League club Manchester United rose sharply Thursday ahead of the deadline for takeover bids and reported interest from Saudi Arabia.
MANCHESTER, England — Shares of Premier League club Manchester United MANU rose sharply Thursday ahead of the deadline for takeover bids and reported interest from Saudi Arabia.
The stock closed at $26.84, up almost 10%, on the New York Stock Exchange, with potential buyers expected to submit initial offers Friday to merchant bank Raine Group, which is handling the sale for United’s current owners, the Glazer family. The Glazers, who also own the NFL’s Tampa Bay Buccaneers, announced on Nov. 21 their intention to seek outside funding. Since then, United’s share price has more than doubled from $13.08 on the day of the announcement.
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