COOLMORE TO BE QUIZZED BY STOCK EXCHANGE

Last updated : 11 October 2004 By editor

‘John Magnier, Manchester United's major shareholder, will be asked by the Stock Exchange to clarify his plans for the future of his stake this week. His response will bring into focus the prospects of success for Malcolm Glazer's takeover bid.

‘Although the Irish investor would be unlikely to spell out his plans for United, his response to the Stock Exchange would give some indication of whether he and Magnier are looking to sell within six months.’