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LAS VEGAS-Billionaire Kirk Kerkorian’s holding company Tracinda Corp. has pledged an additional 50 million shares of MGM stock as collateral for a $600-million Bank of America credit line that it used to acquire shares of Ford Motor Co., according to SEC filings.

The pledge is on top of 50 million shares of MGM Tracinda previously put up as collateral. The 100-million total represents 36% of MGM’s outstanding common stock. Tracinda controls approximately approximately 54% of all outstanding shares of the casino resort company. It controls approximately 6.5% of Ford shares.

Both companies’ share price has fallen sharply this year. Shares of MGM Mirage have fallen 83% while Ford shares have dropped 68%.

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