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’Genting buys into MGM Mirage
Genting, the Malaysian gaming group, has paid $100m for a 3.2% stake in MGM Mirage, firming a relationship that could lead to future deals in Macao and the US. Genting matched the $100m that Kirk Kerkorian,
Kerkorian: gambling a better investment than Ford
Tracinda corporation – Kirk Kerkorian’s investment fund – is selling its stake in Ford.
Gambling makes a better investment, it seems. Here is the SEC filing:
LOS ANGELES, CA-October 21, 2008-Tracinda Corporation today announced that in light of current economic and market conditions,
Ford holders embrace Kerkorian offer
Kirk Kerkorian’s tender offer for as many as 20m shares in Ford received a ringing endorsement from investors, who tendered almost half the available stock for the deal, reports the WSJ. The strong demand to sell Ford common shares to Tracinda,
Casino up 30% on Kerkorian play
Shares in MGM Mirage rose 30 per cent in early trading on Tuesday as investors responded to news that Kirk Kerkorian was pursuing “strategic alternatives” for his 56 per cent stake in the gaming operator.
Kerkorian explores options for MGM stake
The ownership of MGM Mirage, the world’s largest quoted gaming operator, looks set to change hands after Kirk Kerkorian said he wanted to pursue “strategic alternatives” over his stake. Mr Kerkorian’s Tracinda vehicle owns 56 per cent of MGM Mirage,
Tracinda’s offer for Chrysler looks precarious
Tracinda’s offer to buy Chrysler is in danger of collapsing unless the investment vehicle controlled by Nevada billionaire Kirk Kerkorian can rapidly find a way to enter into negotiations with DaimlerChrysler,