Is a 13D from Kerkorian on GM Forthcoming
Is an amended 13D forthcoming from Kirk Kerkorian's on GM showing he cut his stake? Here is the rumor from our rumor blog: http://stockrumor.blogspot.com/
"CNBC's David Faber makes note that Tracinda Corp/Kirk Kerkorian had announced a cash tender offer to increase his stake in MGM (NYSE: MGM). However, Faber says the real question is "Is Kerkorian Selling General Motors (NYSE: GM) Stock?", noting the significant drop in share price over the past few days and the 45 day 'quiet period' window which recently expired after Jerome York resigned from the GM board."
"CNBC's David Faber makes note that Tracinda Corp/Kirk Kerkorian had announced a cash tender offer to increase his stake in MGM (NYSE: MGM). However, Faber says the real question is "Is Kerkorian Selling General Motors (NYSE: GM) Stock?", noting the significant drop in share price over the past few days and the 45 day 'quiet period' window which recently expired after Jerome York resigned from the GM board."
Labels: GM, Kirk Kerkorian, Tracinda, Tracinda Corp
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