Kerkorian to cut GM stake to 4.95 pct


DETROIT, Nov 30 (Reuters) - Billionaire Kirk Kerkorian's Tracinda Corp. investment firm on Thursday said it had agreed to sell 14 million shares of General Motors Corp. , cutting his stake in the automaker to 4.95 percent from 7.4 percent. In a U.S. regulatory filing, Tracinda said it had agreed to sell the shares in a private transaction for $28.75 a share.

Premium Content (PAID Subscription Required)

"Kerkorian to cut GM stake to 4.95 pct" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×