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07/10/2003
BSkyB sell off Manchester United stock
BSkyB have sold the whole of their 9.9% shareholding in Manchester United PLC.
The price per share paid of £2.39 reflects the closing price on October 6 and both the final and special declared dividends.
Prior to the sale, BSkyB held 25,950,827 Manchester United PLC shares, and will therefore receive gross proceeds of approximately £62 million.
In 1999 the Government blocked BSkyB from buying Manchester United under competition rules.
(GB)
The price per share paid of £2.39 reflects the closing price on October 6 and both the final and special declared dividends.
Prior to the sale, BSkyB held 25,950,827 Manchester United PLC shares, and will therefore receive gross proceeds of approximately £62 million.
In 1999 the Government blocked BSkyB from buying Manchester United under competition rules.
(GB)
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