Kerkorian wants to meet with Chrysler workers

[Eugene]

Source: Reuters

Kerkorian wants to meet with Chrysler workers

By Kevin Krolicki
26 minutes ago

DETROIT (Reuters) - Representatives of billionaire investor Kirk
Kerkorian are seeking a meeting with a group of Chrysler workers
who are proposing an employee-led buyout of the automaker to
consider some form of a cooperation, a person familiar with the
effort said on Friday.

A group of Chrysler workers in Toledo, Ohio, has formed an
"employee buyout committee" and sent a formal proposal to
DaimlerChrysler AG (DCXGn.DE) offering to take a 70-percent
stake in the automaker over a period of five years or more on
behalf of its roughly 50,000 U.S. factory workers.

The offer comes in the wake of a $4.5-billion offer for Chrysler
from Kerkorian's investment company, Tracinda Corp.

The Tracinda offer includes a provision for a "substantial" share
of equity in the automaker to be handed over to its major union,
the United Auto Workers.

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