Kerkorian buys more MGM stock, but his stake drops

May. 19, 2009
Billionaire investor Kirk Kerkorian's purchase of 14.3 million newly issued shares in MGM Mirage was not enough to maintain his controlling interest in the casino company. Kerkorian announced the nearly $100 million purchase in a regulatory filing on Tuesday...
Related Stories from UPI.com

Ford investor concerned with departures

DEARBORN, Mich., Oct. 22 (UPI) -- U.S. billionaire investor Kirk Kerkorian is concerned high level departures at Ford Motor Co. signal trouble at the company, a source said.

Kerkorian begins selling Ford shares

DETROIT, Oct. 21 (UPI) -- Investment billionaire Kirk Kerkorian has begun to divest his portfolio of U.S. automaker Ford Motor Co. shares at a considerable loss, his company said.

Ford stockholders stampede to sell shares

DETROIT, June 14 (UPI) -- A spokesman for billionaire investor Kirk Kerkorian says Ford Motor Co. stockholders have stampeded to offer up hundreds of millions of shares to him.
Kerkorian's Ford holdings set to increase

Kerkorian's Ford holdings set to increase

DEARBORN, Mich., June 8 (UPI) -- Billionaire investor Kirk Kerkorian's share of Ford Motor Co. will become bigger by 20 million shares Monday, prompting speculation about his next move.

Kerkorian aide to demand GM dividend cut

NEW YORK, Jan. 10 (UPI) -- An adviser to California investor Kirk Kerkorian, who controls the third-largest block of General Motors Corp. stock, will demand a 50-percent cut in dividends.

Kerkorian raising GM stake to 9.53 percent

BEVERLY HILLS, Calif., Sept. 2 (UPI) -- Billionaire California investor Kirk Kerkorian will spend $463 million to raise his stake in General Motors Corp. to 9.53 percent.

Kerkorian raises stake in GM

DETROIT, June 9 (UPI) -- Kirk Kerkorian of Los Angeles has hiked his interest in General Motors Corp. to 7.2 percent by purchasing another 18.9 million shares.

Kerkorian's GM bid looms over shareholders

DETROIT, June 4 (UPI) -- Kirk Kerkorian's bid to buy shares of General Motors ends the same day as the car company's shareholder meeting in Wilmington, Del.

Kirk Kerkorian wants bigger slice of GM

BEVERLY HILLS, Calif., May 4 (UPI) -- Beverly Hills investor Kirk Kerkorian is offering to pay $870 million to more than double his stake in General Motors Corp. to nearly 9 percent.

Kerkorian says Chrysler fight personal

WILMINGTON, Del., Dec. 4 (UPI) -- Billionaire investor Kirk Kerkorian said Thursday he will not settle his civil suit, being tried in Wilmington, Del., against DaimlerChrysler.