Kerkorian offer to buy GM shares expires
Billionaire investor Kirk Kerkorian's offer to purchase up to 28 million General Motors shares expired Tuesday without word on success. Tracinda said results would be announced Wednesday. The offer valued at about 870 million dollars at 31 dollars per share would total 50 million if fully acquired.
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Detroit
Kirk Kerkorian
General Motors Corp
Kerkorian
Tracinda Corp
Rick Wagoner
Wagoner
TI Raises 2Q Earnings Guidance on Strong Demand
Dallas Texas Instruments Inc raised its second quarter earnings guidance to 27 to 30 cents per share from 25 to 29 cents citing higher demand for semiconductor products and seasonal growth in educational calculators. Ron Slaymaker, TI vice president of investor relations, called the position in strong electronics markets encouraging. Analysts expect 27 cents per share.
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Dallas
Texas Instruments Inc
T’m
Ron Slaymaker
Thomson Financial
GM Chief WagOner Faces Dissident Shareholders at Annual Meeting
At GM's annual meeting in Wilmington Delaware Rick Wagoner defended leadership amid shareholder pressure led by John Chevedden. Proposals included cumulative voting which drew near 49 percent support. others for simple majorities, golden parachutes, stock options, and climate policy were rejected.
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Wilmington
Del
General Motors Corp
Rick Wagoner
Wagoner
John Chevedden
Redondo Beach
Calif
Chevedden
John Devine
U.S
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Associated Press
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Adams
N.E
Clarks Sale
Taupe
Santa FE Square
Odessa
Grar
Lansing
Grand River
Mich
Dillard’s
Visa
Mastercard
American Express
Discover
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Tete Teety
Dillard's
Geena Alene
EMS
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