Word: kirkes
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What if you threw a takeover party and no investors came? Las Vegas financier Kirk Kerkorian was in that predicament last week as his bid to acquire Chrysler for $23 billion, or $55 a share, seemed close to collapse. Not a single bank or financial partner has come forward to provide cash for the buyout since Kerkorian and former Chrysler chairman Lee Iacocca proposed it on April 12. That lack of support has caused Chrysler stock, which jumped nearly $10 a share to $48.75 on the day of the announcement, to fall back since then and close last week...
...Story" (another Oscar nominee) takes on the astoundingly eccentric task of portraying multiple Kirk Douglasses in multiple roles with multiple jutting chins. For two minutes (its entire length) the short is a welcome piece of absurdity. "Triangle" is a sexy piece of modern dance done in water-color and finger paint. Lithe bodies swirl across the screen in a semi-psychedelic fantasy which looks a lot like love-making done to the fierce beat of drums...
...chase. Last week Iacocca stunned Wall Street and the auto industry by joining with the billionaire investor Kirk Kerkorian, 77, in a spectacular bid to take over the nation's third largest automaker. After three months of downward drift in the value of Chrysler stock, Kerkorian offered investors $55 a share, a 40% premium over the $39.25 price it posted one day before the bid went public...
...wonder the local Kublai Khans are planning more. Treasure Island's Steve Wynn, who also owns the tony Mirage, is ready to break more banks with his new Beau Rivage resort next year. The Grand's Kirk Kerkorian, when he's not plotting his takeover of Chrysler, looks at plans for his new hostelry, New York-New York, whose facade will be in the shape of the Manhattan skyline. Even the Walt Disney Co. is rumored to be looking at Las Vegas property-though Disney chairman Michael Eisner denies any interest in bringing Disney to Vegas...
Chrysler's board of directors today formally rejected the$22.8 billion bid by corporate investor Kirk Kerkorian to buy the company,saying the unsolicited offer was disruptive and not in the best interests of shareholders. In today's trading, Chrysler's stock was down half a point to $44 5/8, well below the $55-a-share proposed takeover price. Chrysler also announced that it will use excess cash to increase the dividend or buy back shares, moves that could help shareholders...