Billionaire Kerkorian Dumping 14 Million More GM Shares...
Associated Press Ken Thomas November 30, 2006 05:37 PM
Dissident General Motors Corp. shareholder Kirk Kerkorian is selling another 14 million shares in the troubled automaker, dropping his stake by a third to 4.95 percent for a price of just over $400 million.
The billionaire's move disclosed Thursday represents an even larger retreat from his ownership of the world's biggest automaker than previous indications.
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Dissident General Motors Corp. shareholder Kirk Kerkorian is selling another 14 million shares in the troubled automaker, dropping his stake by a third to 4.95 percent for a price of just over $400 million.
The billionaire's move disclosed Thursday represents an even larger retreat from his ownership of the world's biggest automaker than previous indications.
READ FULL STORY
posted by Kangaroo Brisbane Australia at 6:15 PM
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