Billionaire investor Kirk Kerkorian has started his previously announced $170 million cash offer to buy up to 20 million additional shares of Ford Motor Co. Kerkorian's investment company Tracinda Corp. said Friday the offer at $8.50 per share runs until June 9, unless it is extended. If the full purchase is made, Tracinda would own 120 million shares of the Dearborn-based automaker's common stock, or about 5.5 percent of outstanding shares. Ford shares closed Thursday at $8.20, and the offer represents a 3.7 premium over that price. It represents a 13.3 percent premium over Ford's closing price before Kerkorian announced the offer last month. That announcement touched off speculation on how he might try to influence the automaker.


   

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