Nike scores with Umbro takeover
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US sportswear giant Nike ventured further into the British football market on Tuesday after agreeing to buy rival Umbro, maker of the England soccer strip, for 582 million dollars (408 million euros).
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The British soccer club Manchester United said on Monday that it had received a preliminary takeover offer, which one person close to the talks said was from the owner of the Tampa Bay Buccaneers, Malcolm Glazer.
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Derby County become the latest Premier League club to be taken over by an American-based consortium.
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Nike has reported that first quarter revenues increased 18% to $3.6bn (â¬3bn), against $3bn (â¬2.5bn) for the same period last year.
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LONDON: Manchester United, which said Monday it had received a takeover approach, stands as the richest and one of the most famous football club's in the world, 126 years after being formed by railway workers.
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The announcement Thursday that William Perez was leaving SC Johnson to take over as CEO of Nike Inc. surprised the business world.
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Manchester United supporters have reacted angrily to news that the club could be bought out by Malcolm Glazer. The club confirmed on Monday it had received a takeover approach, thought to be from the American businessman.
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Sports Direct swoops on Umbro's shares, tackling Nike's plans to buy the England football kit maker.
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NEW YORK (CBS.MW) -- Nike Inc. said late Thursday that strong domestic sales, coupled with increased demand from developing markets and a stronger euro, propelled robust second-quarter profit gains.
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LONDON - Manchester United have received a bid approach that boosted their shares yesterday and fanned talk that American sports tycoon Malcolm Glazer is planning a bid likely to top Â£650 million (S$2 billion).
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Ryan Giggs joined elite company when he made his 600th appearance for Manchester United in their Premiership victory over Liverpool.
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LONDON (CBS.MW) -- Malcolm Glazer, the Tampa Bay Buccaneers owner, has upped his stake in UK soccer organization Manchester United (UK:MNU) to 28.
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LONDON (CBS.MW) -- Tampa Bay Buccaneers owner Malcolm Glazer has found new financial backers for his takeover bid of UK soccer club Manchester United (UK:MNU) , according to the BBC.
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Manchester United supporters demonstrate against a possible takeover of the club by American businessman Malcolm Glazer before their side&#39;s English Premiership game against Arsenal at Old Trafford Stadium, Manchester England, Sunday Oct. 24, 2004.
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Soccer club Manchester United, the most well-known British team, confirmed Monday it's been approached by a potential buyer.
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Gucci owner PPR takes effective control of Puma three months after offering to buy sportswear maker.
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Manchester United, the world'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.