About

A weblog about stocks, technical analysis, the market and other things that pop into the mind of Manuel Backus, founder and head trader of Portfolio Crafter and First Hour Trading.

Contact

Email: manuel [AT] manuelbackus.com

Links

Portfolio Crafter

First Hour Trading

Subscribe

Receive weekly trading tips by email.
Name:
Email:



 

« Daily Market Brief for April 04, 2007 | Main | Micron beats expectations »

Kerkorian EYES Chrysler

Shares of Daimler Chrysler (NYSE: DCX) closed up $3.73 or 3% to $84.80, after billionaire investor Kirk Kerkorian offered to buy Chrysler for $4.5 billion. His bid is contingent upon reaching a deal on a new labor agreement with the United Auto Workers union. He would offer ownership stakes to the union and its membership as well as Chrysler management were he to buy it. The offer is contingent on reaching an "equitable arrangement" with DaimlerChrysler for it to assume some of the unfunded pension liabilities and health care costs of Chrysler retirees.

Posted by Manuel Backus to Stock Ideas on April 5, 2007 07:53 PM |

 

Categories

    • Archives

    Recent Posts


    Subscribe in NewsGator Online Add to Google Subscribe in RojoSubscribe in BloglinesAdd to My AOL

    Webmasters
     
     
     
     
     

     
    Disclaimer: This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.