Kerkorian says may buy up to 12 mln shares of GM

Newswire

WASHINGTON, Sept 28 (Reuters) - Investor Kirk Kerkorian said he may consider buying up to 12 million additional shares of General Motors Corp. common stock, according to a filing on Thursday with the U.S. Securities and Exchange Commission. Kerkorian said his Tracinda investment vehicle, which currently owns 9.9 percent of GM, would need regulatory approval if it sought to own 10 percent or more of GM common stock. "Tracinda continues to believe that a strong opportunity exists in a ...

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