UPDATE 2-Kerkorian's Ford tender offer on track despite slump

Newswire

(Adds analyst comments, background, changes dateline) By Soyoung Kim DETROIT, May 30 (Reuters) - Billionaire investor Kirk Kerkorian will move ahead with his tender offer for Ford Motor Co shares despite a recent slump in the No. 2 U.S. automaker's stock, pushing shares up as much as 3 percent. Kerkorian's Tracinda Corp said it would continue to tender for 20 million Ford shares at $8.50 each, despite an 18 percent decline since it launched the offer on May 9, a selloff triggered by ...

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