Carl Icahn Extends Lionsgate Tender Offer Again

6:52 PM PST 11/22/2010 by Etan Vessing

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$7.50-per-share offer from Lionsgate's largest shareholder will expire at midnight Dec. 2, unless extended or withdrawn.

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$7.50-per-share offer from Lionsgate's largest shareholder will expire at midnight Dec. 2, unless extended or withdrawn.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