Man Utd shares hit three-year high as US billionaire targets takeover
Mr Glazer, who upped his stake in United to 16.31% on Thursday, has hired the investment bank Commerzbank to begin preparatory work on a possible bid. The bank would not comment yesterday.
The 75-year-old is the second-largest shareholder in Manchester United after Irish racing tycoons John Magnier and JP McManus, who own 28.89%.
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