?> Real size of Kerkorian's GM plans emerges
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Real size of Kerkorian's GM plans emerges
DETROIT ugg deutschland, May 10 (UPI) -- California investor Kirk Kerkorian's interest in boosting his stake in General Motors Corp. appears to be bigger than first thought. Last week, Kerkorian said he was offering to pay $868 million for 28 million GM shares ugg cheap, raising his stake to 50 million shares. But in a Securities and Exchange Commission filing he indicated through his Tracinda Corp. investment arm that he could be looking for more than a nearly 9 percent stake in a process that could last longer than first thought Ugg uk, the Detroit News reported Tuesday. In addition Ugg günstig, Kerkorian advised he had retained former Chrysler Corp. Chief Financial Officer Jerry York as a consultant in the stock proposal. York Vente ugg, who led Kerkorian's efforts to pressure the Chrysler division of DaimlerChrylser AG for bigger dividends and stock buybacks ugg prix, was key to Kerkorian's decision to back Chrysler's 1998 acquisition by the big German automaker, then known as Daimler-Benz AG.
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