Kerkorian Offers $4.5 Billion Cash In Second Attempt To Buy Chrysler Group

Kerkorian Offers $4.5 Billion Cash In Second Attempt To Buy Chrysler Group

The Tracinda Corporation, the investment arm of Kirk Kerkorian, the billionaire investor, offered today to pay $4.5 billion in cash to buy the Chrysler Group, 12 years to the month after an earlier attempt by Mr. Kerkorian to buy the company, which was instead acquired later by Daimler-Benz of Germany.

Mr. Kerkorian, who was once Chrysler's biggest shareholder, disclosed his offer in a news release that came a day after Dieter Zetsche, the chief executive of DaimlerChrysler, acknowledged that the American carmaker it owns was for sale.

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