Wednesday, November 25, 2009

Kroenke almost there with the Arsenal FC takeover

Arsenal director Stan Kroenke has moved to the brink of the threshold where he would have to make an offer for the entire stockholding of the club.
The US billionaire has bought another 200 shares in Arsenal's holding company, at £8,500 each, taking his shareholding to 29.9%.

Mr Kroenke bought 100 of the shares from Arsenal chairman Peter Hill-Wood.
He is nearing the 29.99% threshold, beyond which he would be forced to make an offer for the remaining shares

http://news.bbc.co.uk/2/hi/business/8343943.stm

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