Kirk Kerkorian, shown at a boxing match in Las Vegas last year, could gain a 5.6 percent stake in Ford and a potentially powerful voice in the future of the automaker.
In a surprise announcement, the 90-year-old billionaire’s investment firm, the Tracinda Corporation, said Monday that it was placing a big bet on the fortunes of the Ford Motor Company, acquiring 100 million shares of Ford stock and planning to buy another 20 million shares.
More details at :
http://www.nytimes.com/2008/04/29/business/29ford.html?_r=1&ref=business&oref=slogin
News Clip By BILL VLASIC
Tuesday, April 29, 2008
Kerkorian Buys Stake in Ford
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