Tuesday, April 7, 2020

ICAHN’S STAKE IN LIONS GATE NOW 31 PERCENT

June 17, 2010 by · Leave a Comment 

Corporate raider Carl Icahn’s raid on Lions Gate Entertainment appears to have edging closer to success. Published reports citing unnamed sources said Wednesday that by 5:00 p.m. PT today (Thursday), when his $7.00-a-share tender offer expires, he will own at least 31 percent of the company — up from 19 percent when he made the offer. News of the development appeared to have little effect on the company’s stock price, which was trading at $6.99 in early afternoon trading.