April 5, 2007
Kerkorian Prepared to Offer $4.5 Billion for Chrysler
Kirk Kerkorian's Tracinda Corp. sent a letter to DaimlerChrysler stating it was prepared to offer $4.5 billion in cash for Chrysler, subject to completing its due diligence, becoming the first to announce publicly an interest in the company. Kerkorian was a Chrysler shareholder and attempted a takeover prior to Chrysler's 1998 merger with Daimler. See WSJ, Tracinda Is Prepared to Offer $4.5 Billion to Acquire Chrysler.
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