12-05-2005, 14:01
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Senior Member
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Join Date: May 2005
Posts: 3212
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Re: Glazer makes take over bid at United
Quote:
Mr Glazer is now 18% short of the 75% of shares he needs for the offer to go unconditional.
If he gets 75% plus one share, United could be delisted from the stock exchange and Mr Glazer could transfer his debt onto the club.
If he can get to 90% plus one share, he can make a compulsory purchase and scoop up the other 10% of the club's shares.
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Fom BBC. |