Ford To Go Private?

Posted by Blain Reinkensmeyer on Thursday August 24, 2006

***Written By: Blain Reinkensmeyer Stock Forum ID: StockTrading101***

News was released today that Ford (F) is considering taking the company private as a possible way to release pressures from the market. Apparently the cost for interested parties could be as little as $13.34 billion, based on the stocks closing price. Ford declined to comment on the matter.

The 90-day joint study of the proposed alliance agreed to by GM’s CEO Rick Wagoner and Carlos Ghosn is expected to conclude on October 15th. As of now any sort of deal seems improbable, and speculation has it that Ford could be Ghosn’s next stop. Ghosn reportedly has already turned down offers to take over Ford’s top spot in 2002 and 2005, but many people the “Le Cost Killer” of France would be a great fit for the automaker.

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