Kirk Kerkorian to up ownership in Ford to 5.6 percent

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Apr 28, 2008 | 12:41 PM

97z28/m6

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From: oshawa,ontario,canada

Kirk Kerkorian to up ownership in Ford to 5.6 percent

http://www.autoblog.com/2008/04/28/k...ly-licks-chops

Apr 28, 2008 | 12:55 PM

jg95z28

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From: Oakland, California

I'm still surprised he's still alive.

Apr 28, 2008 | 12:57 PM

97z28/m6

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From: oshawa,ontario,canada

Quote:

Originally Posted by jg95z28

I'm still surprised he's still alive.

so am i.

Apr 28, 2008 | 01:02 PM

Flip94ta

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Posts: 610

From: Akron, OH.

I told you that new taurus interior was sweet! Buy low Danielson! I bet they get a credit upgrade soon.

Apr 28, 2008 | 01:06 PM

guionM

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Posts: 13,713

From: The Golden State

Kirk Kerkorian to up ownership in Ford to 5.6 percent

Oh s*it!

Here we go again!

Apr 28, 2008 | 01:09 PM

Silverado C-10

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From: Greenville, SC

Maybe they'll merge with Nissan now?

Apr 28, 2008 | 01:16 PM

97z28/m6

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From: oshawa,ontario,canada

Quote:

Originally Posted by Silverado C-10

Maybe they'll merge with Nissan now?

NOT. FUNNY.

Apr 28, 2008 | 01:17 PM

Eric Bryant

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From: Michigan's left coast

Cool - now Ford's stock price can get the pump-n-dump treatment.

Apr 28, 2008 | 01:21 PM

Silverado C-10

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From: Greenville, SC

Quote:

Originally Posted by 97z28/m6

NOT. FUNNY.

You gotta admit... it kinda is...

Apr 28, 2008 | 01:45 PM

#10

CaminoLS6

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Posts: 929

That nasty old fossil needs to leave the automakers alone.

Apr 28, 2008 | 02:24 PM

#11

97z28/m6

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From: oshawa,ontario,canada

Quote:

Originally Posted by Silverado C-10

You gotta admit... it kinda is...

NO.

Apr 28, 2008 | 03:12 PM

#12

R377

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Posts: 2,712

From: Ontario

Quote:

Originally Posted by Eric Bryant

Cool - now Ford's stock price can get the pump-n-dump treatment.

IIRC the Ford family owns the majority of the voting shares, so a takeover is not really possible. This must be his plan.

Apr 28, 2008 | 03:15 PM

#13

graham

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Posts: 2,887

From: northeast Miss.

:goes to buy short term Ford stock:

Apr 28, 2008 | 03:21 PM

#14

jg95z28

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Posts: 9,705

From: Oakland, California

Quote:

Originally Posted by Silverado C-10

Maybe they'll merge with Nissan now?

Nah... Nissan is going to merge with Chrysler.

Apr 28, 2008 | 03:59 PM

#15

Eric Bryant

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Joined: Aug 2001

Posts: 2,400

From: Michigan's left coast

Quote:

Originally Posted by R377

IIRC the Ford family owns the majority of the voting shares, so a takeover is not really possible. This must be his plan.

Pumping and dumping the stock price doesn't require taking control of the board - it just requires the appropriate market timing (something that Kerkorian did NOT have the patience for during his GM debacle).

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