Manchester United Selling Shareholders To Offload Stake Via Equity Offering

October 6, 2021 6:16 AM | 1 min read | Make a Comment

Manchester United PLC MANU reported an offering of 9.5 million shares by selling shareholders Kevin Glazer Irrevocable Exempt Family Trust and Edward S. Glazer Irrevocable Exempt Trust in a secondary equity offering.
The offering is worth $186.39 million based on Manchester United's October 5 closing price of $19.62.
Manchester United will not receive any proceeds from the offering that will likely close on October 8.
The stock has gained 17.2% year-to-date.
Price Action: MANU shares closed lower by 0.25% at $19.62 on Tuesday.

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