A gas? Maybe not for Kerkorian

Behringer, Dan
June 2009
Las Vegas Business Press (10712186);6/8/2009, Vol. 26 Issue 23, pP12
The article reports on the impact of the financial crisis on billionaire investor Kirk Kerkorian. It is reported that Kerkorian gained tighter control over Delta Petroleum Corp. as the company's top executive resigned and an ally of Kerkorian was appointed as chairman. It is also noted, however, that Kerkorian's shares in MGM Mirage dropped since October 2007, and his stake in Delta also declined in value.


Related Articles

  • GMAC COULD BE ON KERKORIAN'S HIT LIST. Stein, Jason; Chappell, Lindsay // Automotive News;5/9/2005, Vol. 79 Issue 6146, p1 

    This article focuses on billionaire businessman Kirk Kerkorian who plans to buy up General Motors Corp.'s stock. Kerkorian's proposed $870 million stock acquisition is his own idea--and his own money. Kerkorian has a small number of people he consults with on investments. Kerkorian's lone-wolf...

  • Movers & SHAKERS.  // ICIS Chemical Business;10/27/2008, Vol. 274 Issue 16, p38 

    The article provides update on the impact of the financial crisis on industries. According to Mervyn King, governor of Bank of England, Great Britain is entering a recession in which banks will suffer from financial crisis. Armenian-American billionaire Kirk Kerkorian is selling his $1 billion...

  • Playing the Numbers. Sheerer, Brent // Mergers & Acquisitions: The Dealermaker's Journal;Jul2007, Vol. 42 Issue 7, p64 

    This article reveals that investor Kirk Kerkorian is acquiring parts of a company he already controls. It says that Kerkorian is interested in acquiring two of the MGM Mirage's prime assets, cleaving from the gaming giant the Bellagio hotel and casino and a new development project, City Center,...

  • Home sales continue falling while jobless rate rises. Howard, Stutz // Las Vegas Business Press (10712186);10/29/2007, Vol. 24 Issue 44, p15 

    The article reports on the private placement by a subsidiary of Dubai World in MGM Mirage. Dubai World acquired shares in MGM Mirage traded in the New York Stock Exchange. Dubai World also intends to purchase additional shares in MGM Mirage as indicated in its filings with the U.S. Securities...

  • Icahn joins cast of MGM Mirage saga.  // Casino Journal;May2009, Vol. 22 Issue 5, p6 

    The article reports on the purchase of MGM Mirage bonds by corporate raider Carl Icahn. According to news reports, Icahn and Oaktree Capital Management LLC, a private equity fund which owns 42% of Cannery Casinos, have bought big amounts of MGM bonds. Sources states that Icahn might be...

  • In Lion's Den to Say. Phillips, Braden // Variety;11/19/99, Vol. 377, p47 

    Profiles Kirk Kerkorian, a billionaire and an executive at Metro-Goldwyn-Mayer (MGM). Relationship of Kerkorian with MGM; Goals of Kerkorian for MGM; How employees of MGM view Kerkorian; Losses in film production. INSETS: `They're feeding the Lion again,' by David Ladd;`It was a city in...

  • Going, going...  // Automotive News;11/10/2008, Vol. 83 Issue 6333, p42 

    The article presents information on some unsuccessful businessmen who made a bid at the auto industry in Detroit. Corporate raider Carl Icahn, sold more than two-thirds of his big stake in Lear. He sold 8.5 million shares at $1.90 each, leaving him with $3.83 million shares, or 4.95 percent. Las...

  • Kerkorian interest buoys Ford stock. Wilson, Amy; LaReau, Jamie // Automotive News;5/5/2008, Vol. 82 Issue 6306, p8 

    The article reports that investor Kirk Kerkorian's investment kept Ford Motor Co. stock trading during the first week of May 2008. The stock reached near its highest levels in almost six months. The stock reached $8.68 before closing at $8.27. A Ford spokesman said that Volvo is not for sale and...

  • Rights plan puts roar back in Lion stock price. Goldsmith, Jill // Variety;10/11/99, Vol. 376 Issue 8, p6 

    Reports the increase in MGM stock price on October 8, 1999 due to the company's announcement of converting a planned equity offering to a rights offering. Features of the rights offering decided by owner Kirk Kerkorian.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics