Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums - Camaro5.com - View Single Post

*KILLER74Z28* · 11-30-2006, 02:47 PM

Kerkorian will sell 14 million more shares of GM stock

November 30, 2006
BY ASSOCIATED PRESS

Billionaire investor Kirk Kerkorian says he is further cutting in half his stake in General Motors Corp. to 4.95 percent.

Kerkorian will cut his General Motors Corp. stake by 14 million shares, his second reduction in less than two weeks, according to a regulatory filing.

Kerkorian’s Tracinda Corp. agreed to sell the stock tomorrow, lowering his holdings to 28 million shares, or 4.95 percent. He cut his stake to 7.4 percent from 9.9 percent on Nov. 22.

11-30-2006, 02:47 PM	#10
KILLER74Z28 MOD SQUAD Drives: 2G1FT1EW9A9100666 Join Date: Aug 2006 Location: West Michigan Posts: 5,782 View My Garage	Kerkorian will sell 14 million more shares of GM stock Kerkorian will sell 14 million more shares of GM stock November 30, 2006 BY ASSOCIATED PRESS Billionaire investor Kirk Kerkorian says he is further cutting in half his stake in General Motors Corp. to 4.95 percent. Kerkorian will cut his General Motors Corp. stake by 14 million shares, his second reduction in less than two weeks, according to a regulatory filing. Kerkorian’s Tracinda Corp. agreed to sell the stock tomorrow, lowering his holdings to 28 million shares, or 4.95 percent. He cut his stake to 7.4 percent from 9.9 percent on Nov. 22.