Tracinda to boost stake in Ford April 28th, 2008

Tracinda, the investment vehicle of Kirk Kerkorian, looks to increase its stake in Ford from 4.7% to 5.6% and has offered $8.50 per share for 20 million shares. Tracinda has been steadily building its stake in Ford as it believes the company’s turnaround plan is on track to deliver positive results. A plan that included the sale of Jaguar and Land Rover to Tata in a deal worth £1.15bn

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