The official bid is in. Kirk Kerkorian's investment firm Tracinda Corp. has launched its offer of almost $870 million to buy 28 million General Motors shares at $31 per share. This bid did not prop up GM's stock price, which was down in pre-market training.

 

UPDATE: GM has released a statement saying that they will review the offer and return a decision before May 20, 2005.


From Our Partners

You May Like
Links by Zergnet

Questions

There are no questions about this topic.
Be the first to ask!
Share This Photo X