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mr_bitterness

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mr_bitterness

Re: Tina post# 999

Friday, 05/23/2008 5:16:23 PM

Friday, May 23, 2008 5:16:23 PM

Post# of 20629
Billionaire adds to loan for Ford Motor shares
Friday May 23, 9:51 am ET
By Ken Thomas, Associated Press Writer
Billionaire investor Kerkorian adds $100M in financing as part of bid to increase Ford stake

WASHINGTON (AP) -- Billionaire investor Kirk Kerkorian has added $100 million in financing as part of his bid to increase his stake in Ford Motor Co.
Kerkorian's Tracinda Corp. said in a regulatory filing Friday it may borrow as much as $600 million from Bank of America. That's an increase from $500 million.

Kerkorian has said he wants to buy up to 20 million shares of Ford's common stock in an attempt to increase his ownership of the automaker to 5.5 percent.

Ford's board has taken a neutral stance on Kerkorian's offer.

If you're not living on the edge, your taking up too much space.

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