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Kerkorian to own 13% of Chrysler

Published on .

Kirk Kerkorian completed his $700 million tender offer for 14 million Chrysler Corp. shares. This boosts Mr. Kerkorian's stake in the company to 13% from nearly 10%. Earlier this year, Mr. Kerkorian dropped a bid of $20 billion for all of Chrysler because he was unable to secure financing.

Copyright July 1995 Crain Communications Inc.

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