MANU Prices Secondary Offering at $17 a Share

Manchester United plc said it has priced the sale of 12 million shares of its Class A common stock owned by Red Football LLC at $17.00 per share.

MANU, as its known by both fans and investors, also disclosed that Red Football plans to offer 12 million of its MANU shares, up from the 8 million originally announced. Underwriters have an option to purchase up to an additional 1.8 million in the secondary offering, which is expected to close Aug. 11, subject to customary closing conditions. Manchester United will not receive any proceeds from the sale.

The book-running managers for the offering are Jefferies LLC, BofA Merrill Lynch, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and Nomura Securities International, Inc.

MANU Prices Secondary Offering at $17 a Share

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