Kerkorian increases GM stake to 9.9 pct-SEC filing


WASHINGTON, Jan 25 (Reuters) - Billionaire investor Kirk Kerkorian has increased his stake in General Motors Corp. to 9.9 percent from 7.8 percent, according to a regulatory filing on Wednesday. Kerkorian's Tracinda Corp., over which he has effective control, acquired 5 million shares on the open market on Jan. 23 at an average price of $21.40 a share and an additional 7 million shares in a private transaction expected to settle on Jan. 27, according to the filing with the U.S. Securities ...

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