Kirk Kerkorian bails out of sinking GM ship

Breaking news – super investor Kirk Kerkorian has sold his last remaining shares of GM stock. Mr. Kerkorian has been selling his stock off in chunks recently, after his repeated attempts at forcing a merger went south. But to hear that he dumped all his stock – that’s quick an announcement. Less than two weeks ago, his investment company owned 9.9% of all GM stock – to go from nearly 10% to nothing in such a short time is nothing short of astounding. GM stock will no doubt take yet another beating.

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Published on December 3, 2006 in Auto Industry News

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