Kirk Kerkorian holds his price for Ford Motor's stock
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.
Photo: ford.pro-motors.ru
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