Tue 16 Feb 2010
Corporate Raider Carl Icahn Moves To Take Over Lionsgate
Posted by Models And Moguls
Nikki Finke of Deadline.com is on it!
I’ve been reporting this month that Carl Icahn revved up his buying of Lionsgate stock again. Now the mini major has confirmed that it has received “an unsolicited tender offer from Carl Icahn to acquire up to 13,164,420 common shares of Lionsgate which, together with the common shares he already owns, would constitute approximately 29.9% of the outstanding common shares of Lionsgate. The purchase price will be USD $6.00 per share in cash.” Lionsgate said it would review his proposal. But this would make Icahn the single largest shareholder in the film and TV studio, something that Lionsgate management has been moving heaven and earth to stop. Read the rest on Deadline.com
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