Ford to issue 300 million shares
Ford Motor Co., seeking to bolster its cash to stay off US aid, said it will issue 300 million shares of common stock and use at least some of the money for a union-run medical trust.
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.