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Friday May 9

Kerkorian launches tender offer for Ford shares

“We are making our offer because we believe that the current management and leadership at Ford Motor Company and the pending execution of management's turnaround strategy make Ford Motor Company an attractive investment”

Billionaire investor Kirk Kerkorian on Friday launched a planned tender offer to add to a Ford stake he called an "attractive investment," and not one he acquired to influence the automaker. via Reuters UK

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