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Shares of Manchester United pop in premarket trade after Qatar media hints at takeover bid ‘success'
Manchester United shares surged as much as 30% in premarket trading on Tuesday, before paring gains, after Qatari media suggested Sheikh Jassim bin Hamad al-Thani was likely to succeed with his takeover bid. Qatar’s Al-Watan newspaper reported Tuesday evening that Sheikh Jassim, a son of the country’s former prime minister, is poised to be announced as the preferred bidder of the Premier League soccer club. Al-Watan is co-owned by Hamad bin Jassim bin Jaber al-Thani. A spokesperson for Manchester United was not immediately available to comment. Shares of Manchester United, which exclusively trade on the New York ... (full story)