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Kerkorian's stock offer


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Author Topic: Kerkorian's stock offer  (Read 258 times)
NG
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« on: June 10, 2008, 12:20:38 pm »

Seems like it has attracted 1 billion of the Company's shares. Trancinda will increase it's stake in the company to 5.5%. They are purchasing an additional 20 million shares so not all of the offered stock will be traded. I thought with the drop in price they might pull their offer. They had the option to do so. With the stock just over $6 a share, the $8.50 offer is quite a bit over. I like the outlook if He thinks He can make money down the road. Here's the story: http://news.yahoo.com/s/ap/20080610/ap_on_bi_ge/tracinda_ford;_ylt=AjU.QNv6GVkAPEB.bEIwhsyyBhIF
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