Tracinda Corp.

Recent Events

News & Analysis

tracinda corp. - All News and Analysis

• 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

• Tracinda to Focus on Gaming & Hospitality and Oil & Gas Industries and Reduce Ford Holdings

  - 2008-10-21

  LOS ANGELES -- Tracinda Corporation today announced that in light of current economic and market conditions, it sees unique value in the gaming and hospitality and oil and gas industries and has, therefore, decided to reallocate its resources and to focus on those industries. Accordingly, Tracinda stated that on...

  Tags: Ford Motor Co., Games, SALES, Strategy, Tracinda Corp.

• Tracinda Corporation Announces Final Results of Its Tender Offer for Ford Motor Company Common Stock

  - 2008-06-13

  LOS ANGELES -- Tracinda Corporation today announced the final results of its cash tender offer for up to 20,000,000 shares of Ford Motor Company (NYSE: F) common stock, which expired at 5:00 p.m., New York City time, on Monday, June 9, 2008.

  Tags: Ford Motor Co., Tracinda Corp.

• Tracinda Corporation Announces Preliminary Results of Its Tender Offer for Ford Motor Company Common Stock

  - 2008-06-10

  LOS ANGELES -- Tracinda Corporation announced today the preliminary results of its cash tender offer for up to 20,000,000 shares of Ford Motor Company (NYSE: F) common stock, which expired at 5:00 p.m., New York City time, on Monday, June 9, 2008. Based on the preliminary count, subject to final...

  Tags: Ford Motor Co., Tracinda Corp.

• Tracinda Waives Tender Offer Condition Relating to Ford Share Price Decline

  - 2008-05-30

  LOS ANGELES -- Tracinda Corporation announced today that it will waive the condition to its previously announced cash tender offer that the market price of shares of Ford Motor Company (NYSE: F) common stock does not decrease by 10% or more from the close of trading on May 8, 2008....

  Tags: Ford Motor Co., Tracinda Corp.

• Late News.(Ford Motor Co.)(Sonic Automotive Inc. sues Mercedes-Benz USA)(Fiat S.p.A. to open a plant to boost productions)(Brief article)

  - 2008-05-12

  Ford: Wait on Kerkorian DETROIT - Ford Motor Co.'s board on Friday asked shareholders to take no action in response to a tender offer issued by billionaire investor Kirk Kerkorian's Tracinda Corp. to buy up to 20 million shares of common stock for $8.50...

  Tags: Fiat, Fiat S.p.A., Ford Motor Co., Mercedes-Benz, Sonic Automotive Inc., Tracinda Corp.

• 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.

• Tracinda Expresses Concern About Tesoro Rights Plan

  - 2007-11-26

  LOS ANGELES -- Tracinda Corporation stated today that the adoption of a rights plan by the Board of Directors of Tesoro Corporation (NYSE: TSO) on November 20, 2007 has resulted in a failure of a condition to Tracinda's tender offer for shares of Tesoro common stock. The change in Tesoro's...

  Tags: Tesoro Corp., Tracinda Corp.

• Fitch Comment: No Immediate Rating Impact from Tracinda Tender for Tesoro Shares

  - 2007-10-31

  CHICAGO -- Fitch Ratings does not anticipate an immediate ratings impact on Tesoro Petroleum Corporation's TSO ratings following the announcement that Tracinda Corporation, led by Kirk Kerkorian, has launched a cash tender for 21.9 million Tesoro shares. If accepted, the tendered shares, added to Tracinda's current 4% stake, would increase...

  Tags: Tracinda Corp.

• Tracinda Statement Regarding MGM MIRAGE

  - 2007-06-20

  BEVERLY HILLS, Calif. -- Tracinda Corporation announced today that it continues to believe that there is substantial unrecognized value in the assets of MGM MIRAGE. In Tracinda's view, the Company's approach to joint venture transactions, as described in the Company's press release dated June 20, 2007, demonstrates that there is...

  Tags: Company, MGM Mirage, Tracinda Corp.