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November 05, 1994|From Times Staff and Wire Reports

Kerkorian May Increase Stake in Chrysler: Investor Kirk Kerkorian said Friday that he is considering ways to enhance the value of his 9% stake in Chrysler Corp. In documents filed with the Securities and Exchange Commission, Kerkorian said he is exploring a broad range of alternatives, including the purchase of additional shares, the sale of stock and even an "extraordinary corporate transaction, such as a merger." However, he appeared to be listing a takeover of the auto giant among a laundry list of possibilities, as required by SEC rules, rather than as a specific plan. The paperwork was required because Kerkorian is considering major changes in plans for his shares, which account for the single largest stake in the auto maker. Chrysler shares fell 62.5 cents to $47.375 on the New York Stock Exchange.

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