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FORD family sells stake in the car company
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  1. #1
    Join Date
    May 2001
    Behind Enemy Lines

    FORD family sells stake in the car company

    [Could be a major economic DOT folks... - Dennis],2933,272077,00.html

    Ford Family Says Not Discussing Sale of Stake
    Monday , May 14, 2007


    Ford Motor Co.'s (F) founding family said on Monday that members were not discussing sale of their holdings in the No. 2 U.S. automaker.

    "The Ford family is not discussing the sale of its holdings in Ford Motor Company," said Ford family attorney David Hempstead, on behalf of the family. "Statements attributable to unnamed sources are untrue."

    Ford shares rose nearly 4 percent in opening trading on the New York Stock Exchange following a Bloomberg report that founding family members were weighing the sale of a part of their controlling stake in Ford.

    Citing unnamed sources, Bloomberg on Monday said Executive Chairman Bill Ford Jr. had briefed directors on the Ford family members' views before the shareholders meeting last Thursday.

  2. #2
    Join Date
    Mar 2005
    Now if they would just sell the Lions!! The ownership is the jinx of the team. But yes, this is a big dot. Big money knows when to get out but who are the fools who are buying?? In addition Chrysler was bought out today as well. Interesting coincidence I would say.
    What is the lake of fire? What is it's purpose? Is the lake of fire eternal hell? Is there any hope of escape for those cast into this lake?

  3. #3
    When a person (like "family") owns a controlling interest in stock of a company, it's sometimes difficult to shed those shares (sell them)...usually the market gets the itchy-britches over such a sale and the price of those stocks will plummet quickly.


    Maybe someone will now buy the controlling interest in FORD Motor Company. Perhaps the Chinese or Koreans will buy it.

    Now won't that be special?

    [img][/img][b]To some G-d calls in a whisper, to others with a shout--depending on how close they are to Him.[/b]
    Rabbi Nachman of Breslov


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