Breaking! Kerkorian Goes On A Selling Spree, Cuts Stake In GM Stock By Half

This image was lost some time after publication, but you can still view it here.
This image was lost some time after publication, but you can still view it here.

Looks like KirkKerk wants very little to do with the world's largest automaker — the corporate raider's company, Tracinda, is cutting it's shares again — and this time it's in half. Kerkorain's cutting his stake down to a paltry 4.95%, or 28 million shares — a level that will ensure he won't be able to do much more than raise his hand come time for the annual shareholder meeting. And I think that noise I can hear right now in the distance is the General's General — Rick Wagoner — giggling from atop the RenCen.

Kerkorian will sell 14 million more shares of GM stock [Freep]

Related:
Black Friday Comes Early For Kerkorian: Corporate Raider Cuts GM Holdings [internal]

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DISCUSSION

So is anyone buying the shares?