UPDATE 1-Tracinda says committed to Ford tender offer

Newswire

(New throughout; adds NEW YORK dateline) NEW YORK, May 30 (Reuters) - Billionaire investor Kirk Kerkorian's Tracinda investment company said on Friday it will waive a condition tied to a tender offer for Ford Motor Co shares, keeping his option open to add to his stake in the No. 2 U.S. automaker. Shares of Ford rose 2.4 percent to $6.87 in premarket trade after Tracinda said it remained committed to its tender offer to buy up to 20 million shares of Ford stock at $8.50 each. But ...

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