Investors complete takeover of Liverpool

March 27, 2007
LIVERPOOL, England -- American investors Tom Hicks and George Gillett Jr. finalized their takeover of Britain's famed Liverpool soccer club on Tuesday.

The pair's takeover vehicle, Kop Football, told the London Stock Exchange it has reached agreement to buy 98.6 percent of the club's shares. Under stock market rules, the remaining shares can now be compulsorily purchased, meaning the process is now complete.

Hicks and Gillett will now seek to take Liverpool off the exchange ...

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