Tracinda Corp.

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• Kerkorian Rebuffs Delta Petroleum

  BNET - 2008-11-10

  The Company: Delta Petroleum, a natural gas and crude oil producer. The Filing: FORM 10-Q filed with the SEC on November 6, 2008. The Finding: Investor Kirk Kerkorian's Tracinda Corp., which owns 35 percent of Delta Petroleum Corp., withdrew its cash offer to buy an additional...

  Tags: Tracinda Corp., Reserve, Kerkorian, Company, Asset Management, Investment, Telecom & Utilities, Operational Planning, Business Operations, Finance, David Phillips

• Kerkorian builds stake in Ford, seeks more

  - 2008-04-28

  NEW YORK AFP — Billionaire Kirk Kerkorian said Monday he has built a 4.7 percent stake in Ford Motor Co. and is seeking another one percent, saying the troubled automaker is making "meaningful traction in its turnaround efforts." In a statement, Kerkorian's personal holding company Tracinda Corporation said it...

  Tags: FINANCE, Ford Motor Co., Investment, Kerkorian, Manufacturing, Tracinda Corp.

• Kerkorian plans to sell 14 million of his GM shares

  - 2006-11-23

  DETROIT -- Billionaire investor Kirk Kerkorian may have decided that casinos are a better bet than cars. The dissident General Motors Corp. shareholder said Wednesday that he will slash his stake in the troubled automaker by selling 14 million shares for about $462 million. The sale,...

  Tags: FINANCE, General Motors Corp., Investment, Manufacturing, Tracinda Corp.

• Kerkorian to cut stake in GM

  - 2006-11-22

  NEW YORK AFP — Billionaire investor Kirk Kerkorian announced he had cut his stake in General Motors after failing to engineer a global alliance of the US auto giant with the Renault-Nissan group. Kerkorian's personal holding company, Tracinda Corp. announced that it had reduced its stake in GM to 7.4...

  Tags: FINANCE, General Motors Corp., Kerkorian, Strategy, Tracinda Corp.

• Billionaire investor reacquires 12 million shares of GM stock

  - 2006-01-26

  DETROIT AP -- Billionaire investor Kirk Kerkorian is acquiring 12 million shares of General Motors Corp. stock, matching the number of shares he sold in December, a federal regulatory filing showed on Wednesday. Kerkorian's private equity firm, Tracinda Corp., bought 5 million shares of GM stock on Monday...

  Tags: FINANCE, General Motors Corp., Investment, stock, Taxes, Tracinda Corp.

• Billionaire investor takes GM stake back up

  - 2006-01-25

  NEW YORK AFP — Billionaire investor Kirk Kerkorian's holding company said it had bought 12 million shares of troubled General Motors Corp. to take its total stake back up to 9.9 percent. After selling 12 million GM shares in December for tax purposes, Tracinda Corp. said in a Securities...

  Tags: FINANCE, General Motors Corp., Kerkorian, Manufacturing, Taxes, Tracinda Corp.

• Kerkorian aide: Dividend cut would help GM turnaround

  - 2006-01-11

  Billionaire investor Kirk Kerkorian's top aide said yesterday that General Motors Corp. should cut its $1.1 billion annual dividend in half and speed plans to lower costs after the stock fell 43 percent in the last year. The aide, Jerome York, also said Kerkorian was interested in buying more...

  Tags: dividend, FINANCE, General Motors Corp., Manufacturing, Tracinda Corp.

• Billionaire Kerkorian boosts GM stake to 7.2 percent

  - 2005-06-08

  NEW YORK AFP — Billionaire Kirk Kerkorian has boosted his stake in General Motors to 7.2 percent after a surprise share offer for the struggling auto giant, his holding company announced. Kerkorian's Tracinda Corp. said the offer, which expired at midnight Tuesday, resulted in the purchase of an estimated...

  Tags: FINANCE, General Motors Corp., Manufacturing, Tracinda Corp.

• GM stock soars 18% after offer

  - 2005-05-05

  DETROIT -- Investors in troubled General Motors Corp. were betting Wednesday that 87-year-old billionaire Kirk Kerkorian's surprise proposal to acquire a large stake in the company could be a catalyst for better times at the world's largest automaker. GM shares soared more than 18 percent Wednesday after Kerkorian's...

  Tags: FINANCE, General Motors Corp., Manufacturing, stock, Tracinda Corp.

• Billionaire boosts GM stake.(General Motors)(Brief Article)

  - 2005-05-05

  May 05, 2005 (The Age - ABIX via COMTEX) Tracinda Corporation has offered $US31 a share for about 28 million shares in US automobile group, General Motors GM. As a result, Tracinda could potentially secure a stake of about nine per cent in GM. ...

  Tags: FINANCE, General Motors Corp., Investment, MARKETING, Tracinda Corp.