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Kerkorian/Tracinda move along to other fields


Bruce Nunnally

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autonews.com is reporting that the Tracinga/Kerkorian threat to a take-over of GM's management has receded:

DETROIT -- Billionaire Kirk Kerkorian's Tracinda Corp. investment firm today said it had sold $462 million of stock in General Motors this week, taking its stake in the automaker to 7.4 percent from 9.9 percent.

Bruce

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