Carl Icahn Extends Lionsgate Tender Offer Again

Billionaire investor Carl Icahn has extended yet again his offer to purchase all outstanding common shares of Lionsgate Entertainment.

This time, the unsolicited $7.50-per-share offer from Lionsgate's largest shareholder will expire at midnight Dec. 2, unless extended or withdrawn.

The latest extension comes as Icahn continues to accumulate stock in Vancouver-based Lionsgate, in which he already holds a 32.8% stake.

As of Monday, 8.1 million common shares had been tendered in the offer, according to Icahn.

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