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Senior Pro
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The deadline has passed for Manchester United shareholders to decide whether to take up US tycoon Malcolm Glazer's offer to buy their stock.
He holds 97.3% of the club, and another 0.3% will give him the right to force any remaining investors to sell. Mr Glazer became the club's majority shareholder on 16 May in a £790m deal, and delisted its shares on 22 June. Mr Glazer is expected to reveal on Tuesday how many remaining shareholders have accepted his £3-a-share offer. Fans' stand-off Most of the remaining shares are believed to be in the hands of loyal Manchester United fans who have promised to fight the US tycoon, who owns NFL franchise Tampa Bay Buccaneers, to the end. A the last count on 14 June, the Glazers needed to get their hands on a total of 204,504 shares to force a compulsory purchase order. If Mr Glazer's offer succeeds and he wins the required 97.6% share of the club, remaining shares in the hands of investors who refused to sell will be worthless. Despite continued anger among fans about the takeover, critics believe Mr Glazer's 100% ownership is inevitable. An announcement on the success or failure of his most recent offer is expected late on Monday or early on Tuesday. |
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| Glazer near total Man U control |
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