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TUESDAY, NOVEMBER 24, 2009
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United States: Kirk Kerkorian unloads portion of Ford stake.

Article from: TendersInfo Article date: October 22, 2008

Byline: kusumv03

Billionaire Kirk Kerkorian is dumping part of his stake in Ford Motor Company after losing nearly two-thirds of his $995 million holding.

Six months after strongly endorsing the company s turnaround efforts under CEO Alan Mulally, he may pull out of the company altogether. His Tracinda Corporation has contacted an investment bank about unloading the rest of his holding, according to Bloomberg News.

Kerkorian, 91, had seen the value of his 6.5-percent stake in the Dearborn, Mich. automaker nosedive in ...

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