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$7.50-per-share offer from Lionsgate's largest shareholder will expire at midnight Dec. 2, unless extended or withdrawn.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