Icahn Raises Hostile Takeover Bid for Lions Gate

Aug 31, 2010  •  Post A Comment

The hostile takeover bid by businessman Carl Icahn for Lions Gate Entertainment was increased by 15% on Tuesday to $7.50 a share, reports Multichannel News.

Lions Gate is a major entertainment player, owning the TV Guide Channel and producing two award-winning TV shows, "Mad Men" and "Nurse Jackie," among other properties.

The Lions Gate board of directors will review the latest bid from Icahn, whose previous bids were rejected, and is expected to respond soon, the story says.


  1. I agree.

  2. Nicely said.

  3. That is bloody ordinary isn’t it?

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