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McCabe aims to take Sheffield Utd private

30/05/2008 17:14

LONDON (Reuters) - Sheffield United said on Friday its main investor, property entrepreneur Kevin McCabe, planned to take the company private.

McCabe and members of his family already control 75.17 percent of the shares. They now plan to underwrite an equity fundraising and make a cash offer for the remainder of the shares in the business, which would be delisted from AIM.

Discussions, however, are at an early stage and no formal offer for the company has yet been put to the board, Sheffield United added.

(Reporting by Ben Hirschler)

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