Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Monday, April 28, 2008

Tracinda Bids for 20 Million Ford Shares

Kirk Kerkorian's Tracinda bid $8.50 for up to 20 million shares of Ford, a 13% premium over its closing price on Friday.  The shares represent about 1% of Ford's outstanding.  Tracinda currently owns about 4.7%.  Nasdaq, Tracinda Bids $8.50 A Share For 20 Million Ford Shares.

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