Tracinda Completes Sale of All Ford (F) Shares
According to a Dow Jones headline, a spokesperson at Kirk Kerkorian's Tracinda Corp. has confirmed that the fund has completed the sale of all of its shares of Ford (NYSE: F).
As StreetInsider.com reported, Kerkorian had a 133.5 million share stake in the company as of October 21.
Shares of Ford are currently down 5.2% to $2.17. As the news that Kerkorian would liquidate his stake was previously disclosed, shares of Ford did not trade any lower on the announcement.
Ford Motor Company designs, develops, manufactures, and services cars and trucks worldwide.
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