Manchester United Stock Is Surging Monday: What's Going On?
Portfolio Pulse from Adam Eckert
Manchester United Ltd (NYSE:MANU) shares are trading higher following a report suggesting Sheikh Jassim bin Hamad Al Thani is set to acquire the club. The club's board has been reviewing offers from multiple potential buyers for over eight months. Sheikh Jassim reportedly submitted a final takeover offer of more than $6 billion. A deal is expected to be done by November.
August 07, 2023 | 3:57 pm
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Manchester United's stock is surging due to the potential acquisition by Sheikh Jassim bin Hamad Al Thani. The final takeover offer is reportedly over $6 billion, and a deal is expected by November.
The news of a potential acquisition usually leads to a surge in the stock price of the company being acquired. In this case, the potential buyer is Sheikh Jassim bin Hamad Al Thani, who has reportedly made a final offer of over $6 billion. This has led to a surge in Manchester United's stock price. If the deal goes through, it could further boost the stock price.
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