Kerkorian adds $100 million to capital to buy Ford shares
Billionaire investor Kirk Kerkorian said he has added $100 million to his pool of capital for buying shares of Ford, and may borrow as much as $600 million to buy shares, according to a US Securities and Exchange Commission filing, Bloomberg News reported Friday.
Ford Motor Co. said on Tuesday that it raised $1.4 billion through a 300 million share offer for $4.75 per share, a move that CEO Alan Mulally said was an important step toward getting profitable again.