Manchester United stock skyrockets 18% as Qatari investors reportedly plan to bid on the soccer team
stock surged Wednesday, prompted by news of a possible acquisition bid from a group of Qatari investors.reported that investors behind the bid are undisclosed financiers aiming for a full takeover of the Premier League club and that an offer could be expected in the coming days.
New York-listed shares jumped 18% in premarket trade Wednesday, marking the largest one-day gain in the past two months, but later pared gains to trade up 8.8% at $22.98. Previously, Man United shares soared 74% over less than two weeks in November, when reports first emerged that the Glazer family — the American owners of the club — wereThe Glazers have a mid-February deadline for a bid and set an asking price of £6 billion. In May, Premier League rival Chelsea was sold for $5.2 billion
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