He wants to buy

13/04/2007

Well-known billionaire Kirk Kerkorian plans to buy the American branch of the “Daimler-Chrysler” car company and has told “Tracinda” that he is willing to pay an advance amount of 4.5 billion dollars. If Kerkorian buys “Daimler-Chrysler” this time, then he will become the fully competent buyer of the car company. According to a published announcement, “Tracinda” wants to get the car company back on its feet after the many hardships that it has faced. According to “Radio Liberty,” after Kerkorian announced on Thursday that he is willing to pay an advance amount, stock prices for “Daimler-Chrysler” went up 4.3%-something that had not happened in the past 52 weeks. “Chrysler” is facing difficulties in paying its pensions and medical insurance, and its worker salaries’ debt has reached 22 billion. Kerkorian has announced that he is ready to discuss those issues as well. Besides Kerkorian, two other companies also want to purchase “Daimler-Chrysler”. Let us recall that “Tracinda” is the main stockholder of MGM-Mirage, as well as many casinos and hotels.