Investing guru, Kirk Kerkorian gets a piece of Delta Petroleum - retirerichblog

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Investing guru, Kirk Kerkorian gets a piece of Delta Petroleum
Dec 31, 2007 08:04 PM UTC

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Symbol	Sentiment	Start	Return	Closed
DPTR	n/a

Via Retirerichblog.com - Stock picks:

Kirk Kerkorian's Tracinda will invest $684 million in Delta Petroleum (DPTR). In return, Tracinda will receive 36 million Delta shares, representing a 35% stake in the company. Tracinda is paying $19.00 per share, a 23% premium on Delta's Friday closing price.... The 90-year-old Kerkorian, with a fortune of $18.0 billion, is the seventh-richest person in the U.S., by Forbes' calculations. -

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