The Board of Directors of Ford Motor Company recommended at the end of last week that its stockholders take no action in response to the announcement by Tracinda Corporation that it had commenced a tender offer to acquire up to 20 million shares of Ford�s common stock at a price of U.S. $8.50 per share. Investor Kirk Kerkorian is Tracinda�s sole shareholder.
Ford said it will review and consider Tracinda�s offer and will advise stockholders of the Board�s position regarding the offer by May 22 � as it is obliged to, by SEC rules.
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