UPDATE 2-Kerkorian rumour pushes VW stock to 3-year high

Newswire

(Adds market reaction, background) FRANKFURT, Sept 22 (Reuters) - Market talk that U.S. investor Kirk Kerkorian may be building a stake in Volkswagen pushed shares in Europe's biggest automaker up as much as 5.5 percent on Thursday to a three-year high. "The rumour that is going around is that Kerkorian is buying," said one trader in Frankfurt. "The consensus is that whoever buys now must be a strategic investor because at this price there is no chance of a quick profit." Volkswagen ...

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