Kroenke Ups Arsenal Stake, Closes In On Takeover

American businessman Stan Kroenke has bought his second batch of shares this week in English soccer club Arsenal, edging closer to the threshold that forces him to make a takeover bid.The Premier League club said Thursday that Kroenke acquired 20 more shares at a cost of $281,280.The Denver-based businessman took his stake in Arsenal to 29.9 percent on Monday by purchasing 10 shares.

 

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