Glazer given three weeks to make offer
The Takeover Panel, which regulates mergers and acquisition in Britain, issued a “put up or shut up” notice to the American, giving him until midday on May 17 to declare a firm intention to make an offer or say he was no longer interested in the club.
The warning from the Takeover Panel was swiftly followed yesterday by confirmation from United’s board that it could not recommend Mr Glazer’s €1.1 billion offer for the club, despite the revised proposal that was put to the board.
