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Glazer to Pressure Manchester United on Bid (go back to the homepage) March 19 (Bloomberg) -- U.S. billionaire Malcolm Glazer next week is set to renew pressure on the Manchester United Plc board to accept his 800 million-pound ($1.54 billion) bid for the soccer club, the Independent reported, without saying where it got the information. NM Rothschild, which is advising Glazer, is scheduled to resume talks with United's broker, Cazenove, about getting a board recommendation for its offer, after the club reports its interim earnings on March 22, the newspaper said. United said last month it was unlikely to recommend an offer because of the ``debt-laden'' nature of the bid, which was priced at 300 pence a share, the Independent reported. Manchester United's shares fell 1.5 pence, or 0.6 percent, to 266.5 pence in London trading yesterday. United said that shareholders had the ultimate decision on the bid, the newspaper reported. Irish horseracing millionaires J.P. McManus and John Magnier own 29 percent of the club, and Glazer won't be able to secure the team without their support, the Independent said. |