Kerkorian plans new assault on Chrysler

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The Independent Online
erkorian plans new assault on Chrysler

Kirk Kerkorian, the Chrysler Corp investor, plans another takeover assault on the car maker after failing in his first attempt, the Detroit News reported. The newspaper quoted his spokesman, Alex Yemenidjian, as saying, "If their [Chrysler management's] objective is to get rid of Mr Kerkorian, they have not accomplished that objective." Mr Kerkorian, who made a $22.8bn "indicated" bid for Chrysler earlier this year, is the car maker's largest shareholder, with about 13.6 per cent.

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