Carl Icahn Extends Lionsgate Buyout Bid Again
This further confirms the investor and studio are still in talks about a post-bankruptcy merger.
Billionaire investor Carl Icahn has extended his unsolicited $7.50 per-share offer for outstanding stock in Lionsgate Entertainment that he doesn’t already own to Nov. 22.
The latest extension to his buyout bid for Lionsgate follows the mini-studio earlier this week indicating it is in talks with Icahn, the largest shareholder with a 33.5% stake, to possibly end their long-running legal tussle.
Icahn’s previous cash tender offer for Lionsgate shares expired on Nov. 1.