Manchester United Surges as Qatari Report Stokes M&A Bets
- Manchester United shares rise as much as 16% on Wednesday
- Qatari investors plan to make a bid in coming days: Daily Mail
Manchester United has been at the center of bid chatter since last year.
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Manchester United shares surged on growing M&A speculation following a Daily Mail report that Qatari investors are planning to make a bid for the English Premier League club in the coming days.
Shares in the football club jumped as much as 16% on Wednesday, their biggest gain since late November. A bid would come from separate, individual Qatari investors who want a full takeover, the Daily Mail reported late Tuesday citing people it didn’t identify. A spokesperson for Manchester United declined to comment when contacted by Bloomberg News.