Chrysler-Daimler Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Chrysler-Daimler

C 101.01

-0.6%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: freeus who wrote ()	11/3/1998 6:47:00 PM
From: NewsTrader	Read Replies (1) of 32

(NewsTraders) -- Billionaire investor Kirk Kerkorian registered 6 million Chrysler Corp. (C) common shares for sale, according to Form 144s released by the SEC late yesterday. The shares were registered by Kerkorian's investment vehicle, Tracinda Corp., which is a major shareholder in the automaker. The 3.5 million shares have an aggregate market value of about $$279.9 million. One million shares were to be sold on 10/27/98, with the remaining 2.5 million shares scheduled for sale on 10/29/98. Kerkorian revealed his intention to sell the stock through Bear Stearns and Co. on the NYSE. Chrysler has about 647,419,077 common shares outstanding. As widely reported, Chrysler and Daimler-Benz AG (DAI) are in a merger agreement to form a new company named DaimlerChrysler. Trading of DaimlerChrysler shares on various international stock markets is scheduled to begin in mid-November under the new ticker symbol DCX.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next