A Kerkorian scenario: Loosening Ford family's grip
For those keeping score at home, Kirk Kerkorian turns 91 on June 6. He is not, as the joke goes, a long-term investor. But he certainly is an active one. 8 months ago
Fortune Magazine Click here to Read the Full Story
Digg
del.icio.us
Reddit
Stumble
Newsvine
Facebook
I don't believe Kerkorian is after Ford for an accelerated turnaround plan, Kerkorian is to much of an active, short-term trader. I believe he is after a break-up of Ford. The Ford family no longer stands united, rumors have talked about the family considering selling company shared held since the early 1900s. If Kerkorian continues to gain shares, he will likely rip Ford into pieces, selling the money losing divisions like North America and keeping profitable divisions like Ford Europe. Kerkorian is nothing but trouble.
Kerkorian is offering 13% premium over Ford’s Friday closing price of $7.50 a share. He can't be stopped with his treasure chest of money.
I see a company called GM/F in the future. GM and FORD can not compete with Toyota and will have to combine operations.