By Leftlane Staff
Thursday, Aug 24th, 2006 @ 8:31 am

Ford is considering taking the company private in order to give itself space to restructure, a source with “direct knowledge of the discussions” told USA Today. With the company’s shares at just $7.76, going private would cost as little as $13.34 billion. Ford’s shares have traded between $6.06 and $10.20 in the past 52 weeks, giving it a market cap of $14.5 billion — a quarter of Daimler Chrysler ’s.

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