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Posted AT 11:27 AM EDT on 09/05/08

Kerkorian launches tender offer for Ford shares

KEN THOMAS

The Associated Press

WASHINGTON — Billionaire investor Kirk Kerkorian launched his previously announced $170-million (U.S.) cash offer to buy up to 20 million additional shares of Ford Motor Co. on Friday, calling it “an attractive investment.” Mr. Kerkorian's investment company Tracinda Corp. said the offer at $8.50 per share runs until June 9, unless it is extended.

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