Icahn: No quarrel with Kerkorian
On Friday, corporate raider Carl Icahn appeared on cable financial network CNBC and shed some light on his possible run at MGM Mirage.
The billionaire financier has reportedly bought up millions of MGM Mirage’s corporate bonds in an effort to force the casino operator into bankruptcy.
MGM Mirage’s majority stockholder is 91-year-old billionaire Kirk Kerkorian, leading Wall Street pundits to mull a high-stakes battle for control of the Strip casino giant between two financial titans.
“I will tell you this. I have absolutely no quarrel with Kirk Kerkorian,” Ichan said. “I like him, respect him. I’ve been his friend for years and we certainly … there is absolutely no merit to saying that I’m going to be in any kind of a quarrel with him.”
Ichan didn’t say much about his plans, but was not challenging Kerkorian.
“I will reiterate or repeat that I do not in any way intend to be in a fight with Kerkorian,” Icahn said.