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Kirk Kerkorian holds his price for Ford Motor's stock

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  • Kirk Kerkorian holds his price for Ford Motor's stock

    Pravda, Russia
    May 31 2008


    Kirk Kerkorian holds his price for Ford Motor's stock


    Kirk Kerkorian, an Armenian-American billionaire, and president/CEO of
    Tracinda Corporation, is still standing his ground in connection with
    Ford Motor's stock.

    In spite of dropped shares he offers $170 million, or $8.50 a share,
    for up to 20 million shares of the company's stock.

    The validity of the purchase initially was based upon the condition
    that Ford's stock stay within 10% of its closing level of $8.20 a
    share on May 8. But the company's stock constituted $6.76 midday
    Friday.
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