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August 08, 1995| Times Staff and Wire Reports

Kerkorian Gets Loan to Buy More Chrysler Shares: Las Vegas billionaire investor Kirk Kerkorian entered into a $100-million credit agreement with Swiss Bank Corp. "for the purposes of acquiring additional shares of Chrysler stock," said a spokeswoman for Tracinda Corp., Kerkorian's investment company. Analysts have said Kerkorian appears unlikely to step away from Chrysler. Chrysler spokeswoman Rita McKay declined to comment, saying she had not seen details of Tracinda's announcement. Kerkorian tendered for 14 million Chrysler shares last month after failing to gain financing for a $22.8-billion hostile takeover of the auto maker in May. He now controls 13% of Chrysler stock and filed with the Securities and Exchange Commission last month to increase his holdings to 14.99%.

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