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Analysts Say Buyout of Chrysler May Still Happen.(Originated from Detroit Free Press)
Knight Ridder/Tribune Business News, April, 1995 by Adler, Alan
DETROIT--Apr. 21--The price of Chrysler shares fell $1.75 a share Thursday, the fifth consecutive daily loss since Kirk Kerkorian proposed his $22.8 billion buyout.
The automaker's shares now have given back almost half of the $9.50 they gained on the day the Las Vegas billionaire announced his plan, April 12. Chrysler shares closed at $44.50, trading between a low of $43 and a high of $45.
But opportunistic traders on Wall Street still think Kerkorian can put a deal together.
Even if Kerkorian fails to make good on his takeover bid, Wall Street insiders suggest Chrysler eventually will be forced to do something to increase the value of its shares.
Some questioned why Kerkorian, who owns 36 million of Chrysler's 415 million outstanding...
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