India Broadband

Forum

 

Kirk Kerkorian to sell 14 million shares of General Motors

This is a discussion on Kirk Kerkorian to sell 14 million shares of General Motors within the News and Views from the Business World forums, part of the News and views category; General Motors might be in some trouble as billionaire investor Kirk Kerkorian is reportedly planning to sell off 14 million ...


Go Back   India Broadband Forum > Daily dose of technology > News and views > News and Views from the Business World

Register Blogs FAQ Members List Calendar Search Today's Posts Mark Forums Read

Reply

 

LinkBack Thread Tools Display Modes
Old 26-11-2006, 04:49 PM   #1
Silver Member
 
Join Date: Aug 2006
Age: 22
Posts: 464
Rep Power: 3 Pirate is on a distinguished road
Default Kirk Kerkorian to sell 14 million shares of General Motors

General Motors might be in some trouble as billionaire investor Kirk Kerkorian is reportedly planning to sell off 14 million shares of its stock this week.

This was mentioned in a Kerkorian’s Tracinda Corp. filing with the federal Securities and Exchange Commission. The company said that they have reached agreement on Monday to sell the shares at $33 each in a private transaction.

Kerkorian now owns around 56 million shares of General Motors, which comes to around 9.9 percent of the company. After the transaction, he would be reducing his stake to 42 million, or 7.4 percent of the company’s 565.5 million outstanding shares.
Pirate is offline   Reply With Quote
Reply

Bookmarks

Tags
kerkorian, kirk, million, sell, shares


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)

 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Similar Threads

Thread Thread Starter Forum Replies Last Post
Tata motors milestones Admin Tata cars 3 25-12-2007 03:28 PM
Sony expects to sell 100 million Playstation 3 units Admin Videogaming News and Reviews 0 26-06-2006 03:49 AM
General Motors sales up by 4.4 percent in first quarter of the year India Broadband Internet News from the Tech and IT World 0 22-04-2006 06:09 AM
General Motors considering selling Isuzu Motors shares Admin News and Views from the Business World 0 31-03-2006 03:20 AM
General Motors working on CNG Chevrolet Optra Admin News from the Tech and IT World 0 26-03-2006 01:01 PM


All times are GMT +5.5. The time now is 08:31 AM.


Powered by vBulletin® Version 3.7.2
Copyright ©2000 - 2009, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.2.0
India Broadband Forum