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China Daily | Updated: 2008-06-20 07:35
Kerkorian ups Ford stake
Billionaire investor Kirk Kerkorian's Tracinda Corp bought another 40.8 million Ford Motor Co shares to build his stake in the second-biggest US-based automaker to 6.5 percent.
Tracinda disclosed the purchases in a US regulatory filing yesterday. The holdings include 20 million shares Tracinda acquired in a tender offer that began on May 9 and concluded last week.
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