Man United Set for Rocky Ride As City Awaits Bid Clarification

The Scotsman › February 14, 2005

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Summary

SHARES in Manchester United could see volatility today following a weekend of contradictory reports about where US sports tycoon Malcolm Glazer's GBP 800 million takeover approach will go from here.

Many believe that the stock will fall again after the biggest shareholders, the Irish duo John Magnier and JP McManus, said on Friday that they remained "long-term value investors" in the publicly-quoted United.

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Extract

Man United Set for Rocky Ride As City Awaits Bid Clarification

Without their 29 per cent stake, held through their vehicle Cubic Expression, Glazer's new bid approach is s...

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