Manchester United shares are trading higher following a report suggesting Sheikh Jassim bin Hamad Al Thani is set to acquire the club, beating out a competing offer from Sir Jim Ratcliffe.
Portfolio Pulse from Benzinga Newsdesk
Manchester United shares are trading higher following a report suggesting Sheikh Jassim bin Hamad Al Thani is set to acquire the club, beating out a competing offer from Sir Jim Ratcliffe.
August 07, 2023 | 2:34 pm
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Manchester United's stock is trading higher due to a potential acquisition by Sheikh Jassim bin Hamad Al Thani.
The news of a potential acquisition of Manchester United by Sheikh Jassim bin Hamad Al Thani has led to an increase in the trading price of the club's shares. This is because acquisitions often lead to a surge in the stock price of the company being acquired due to the premium usually paid by the acquirer.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100