Billionaire Kerkorian Dumping 14 Million More GM Shares...

Associated Press   |  Ken Thomas   |   November 30, 2006 05:37 PM

Read More: Breaking Business News
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Dissident General Motors Corp. shareholder Kirk Kerkorian is selling another 14 million shares in the troubled automaker, dropping his stake by a third to 4.95 percent for a price of just over $400 million.

The billionaire's move disclosed Thursday represents an even larger retreat from his ownership of the world's biggest automaker than previous indications.

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