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Ford Sells Shares to Raise Cash

By Kevin Spak, Newser Staff

Posted May 12, 2009 7:09 AM CDT

(Newser) – Eager to shore up its cash reserves, stave off bankruptcy, and further distance itself from its struggling rivals, Ford Motor Co. will offer 300 million shares in a public offering this week, the Wall Street Journal reports. Ford thinks the offering will raise investor confidence,... Read full story »

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Ford Sells Shares to Raise Cash

stock market • Ford • auto industry • stock offering • Jay-ZTV

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