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American businessman buys more Arsenal soccer club shares, moves closer to takeover threshold


Associated Press
11/23/09 10:00 AM PST

LONDON — American businessman Stan Kroenke has bought 10 more Arsenal shares to put him closer to the threshold that forces him to make a takeover bid.

The Premier League soccer club announced on Monday that Kroenke, who is also a director of the club, has control of 18,604 ordinary shares in the company, representing 29.9 percent. If he reaches 30 percent, he has to make a takeover bid.

The Denver-based businessman owns the Colorado Rapids, Denver Nuggets and the Colorado Avalanche.




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