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What Kerkorian Really Wants From GM

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Forbes via FreeRepublic

 

NEW YORK - Billionaire Kirk Kerkorian could care less about General Motors' new Buick LaCrosse or Hummer H3. He's got his eyes on GM's profitable mortgage and insurance business.

 

Kerkorian's Tracinda Corp. announced Wednesday that it has acquired 3.9% of GM (nyse: GM - news - people ) and has made a tender offer for an additional 5% at $31 per share, which would bring its total holdings to 8.9%. ....

 

FreeRepublic discussion of Forbes article about GM

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