Manchester United Climbs as Tender Offer Extends to Friday
- Stock reverses as Ratcliffe’s bid now expires later this week
- Arbitrage traders speculated possible extension before update
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Manchester United shares gained after billionaire Jim Ratcliffe extended his offer to purchase a 25% stake in the football club until the end of this week.
Manchester United’s Class A shares rose more than 6% to nearly $21 in Monday’s post-market trading, after Ratcliffe pushed the deadline for his tender offer to Friday from midnight Tuesday.