Ford to advise shareholders on Tracinda tender offer by May 22 (Ford Motor)

        SAN FRANCISCO (Thomson Financial) - Ford Motor Co. Friday advised its
shareholders not to to take any action at this time on the $8.50-per-share
tender offer by billionaire investor Kirk Kerkorian's Tracinda Corp.
    Earlier Friday, Tracinda said it had launched its previously announced plan
to acquire up to 20 million additional shares of Ford.
    In a regulatory filing, the Dearborn, Mich.-based automaker said its board
will review Tracinda's offer and will issue a recommendation to shareholders by
May 22.
    If Tracinda is able to buy the additional 20 million shares, its stake in
Ford would increase 20% to 120 million shares, or roughly 5.5% of the company's
outstanding common stock.
    Ford shares were down 12 cents, or almost 1.5%, at $8.08.
Katherine Hunt
kh/vj

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