Latest Kerkorian news

I mentioned earlier today that grumpy octegenerian investor Kirk Kerkorian had reduced his shareholdings, selling off another quarter of his initial holding. This took him down to just under 5% of GM’s stock, making him the fifth biggest shareholder.

Word is now filtering through the tubes that he’s actually sold off the whole lot. It’s unconfirmed at this point but whether it happens now or in a week’s time, KK’s outta here.

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