Man United shares drop amid reports that takeover talks collapsed
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Share prices in Manchester United fell dramatically Thursday amid reports that talks involving a proposed takeover by American businessman Malcolm Glazer had collapsed.
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Manchester United has ended talks with US sports tycoon Malcolm Glazer about a possible bid by him for the club. Making the announcement, it said Glazer&#39;s outlined move would not be in the best interests of the club.
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Talks between US Airways (UAIR.O) and its pilots union over a new round of concessions collapsed on Monday, the union said.
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Manchester United&#39;s directors barely disguised their gritted teeth yesterday as they issued the statement the outside world has been awaiting for months: Britain&#39;s richest football club has received a possible takeover offer.
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The bank and public relations firm advising US tycoon Malcolm Glazer on his attempt to acquire Manchester United dropped him as a client on Friday, hours after he ousted three of the English soccer giant&#39;s directors, sources close to the situation said.
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Manchester United has confirmed it has held more talks with US financier Malcolm Glazerwho wants to take-over the club. But in a statement on Monday it would not hold any more talks unless a definitive offer was put on the table.
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Manchester United have received a &quot;preliminary approach&quot; regarding a &quot;possible offer&quot; to takeover the club. The club&#39;s board said they are &quot;seeking clarification of this proposal&quot; and that at this stage &quot;it is unclear whether any offer will be made&quot;.
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LONDON: Manchester United received a bid approach on Monday that boosted their shares by over 5% as industry sources said US sports tycoon Malcolm Glazer planned a bid of over Â£650mil.
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LONDON : Manchester United, the world&#39;s richest football club, said it had received a preliminary take-over approach, following reports that American sports tycoon Malcolm Glazer was plotting to seize control.
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LONDON (CBS.MW) -- Manchester United, the most well-known soccer club in the world, is expected Friday to make a statement on the status of its takeover approach, the BBC reported, as speculation grows that Malcolm Glazer&#39;s talks with its largest
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Takeover talks between Manchester United Plc's two key Irish investors and American sports tycoon Malcolm Glazer are expected to be called off later on Thursday, sources close to the process said.
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Manchester United said it has rejected a business plan from US sports tycoon Malcolm Glazer and ended takeover talks. The club said an outline plan presented by Mr Glazer was not in its best interests because
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MANCHESTER United yesterday reported lower annual profits of Â£27.9m as it warned future results would be affected by a drop in media revenues.
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British soccer club Manchester United won&#39;t endorse Malcolm Glazer&#39;s proposed buyout offer and temporarily suspended talks with the 76-year-old tycoon, the team said Monday.
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Manchester United plans talks with its two largest shareholders to put an end to months of speculation about the club&#39;s future ownership.
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Malcolm Glazer's bid to buy Manchester United suffered a serious setback after the American's bankers JP Morgan dramatically resigned.
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LONDON (CBS.MW) -- Shares in UK football club Manchester United (UK:MNU) rose 2.9 percent to 280 pence after a report by The Sunday Times that said Manchester United&#39;s largest shareholders, Irish racehorse owners John Magnier and JP McManus, are willing