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Why Manchester United Stock Keeps Going Up

TheMotleyFool

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Why Manchester United Stock Keeps Going Up: https://g.foolcdn.com/editorial/images/710572/map-of-manchester-uk-with-a-red-pin-in-it.jpg

Shares of Britain's publicly traded Manchester United (NYSE: MANU) football club soared for a second straight day in early Tuesday trading, gaining another 13.5% through 10 a.m. EST after rising nearly 15% on Tuesday.

The reason: Yesterday after close of trading, Manchester United announced that it will explore "strategic alternatives to enhance the club's growth."

Now, that all sounds a bit vague, but in investing circles, "exploring strategic alternatives" is often code for "looking to sell the company" -- generally at a premium price -- and that's what's getting investors excited about this stock.

Source Fool.com

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