Manchester United shares are trading lower following a report suggesting the Glazer family will take the club off the market after failing to close a deal at their asking price.
Portfolio Pulse from Benzinga Newsdesk
Manchester United shares are trading lower following a report suggesting the Glazer family will take the club off the market after failing to close a deal at their asking price. The shares fell 9% in premarket trading.
September 05, 2023 | 1:03 pm
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NEGATIVE IMPACT
Manchester United's shares fell 9% in premarket trading after the Glazer family decided to take the club off the market due to failure to get their asking price.
The decision of the Glazer family to take Manchester United off the market indicates a lack of buyer interest at the desired price point. This could be perceived negatively by investors, leading to a drop in the share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100