Billionaire investor, Carl Icahn, shed light on his offer for Lions Gate Entertainment (NYSE:LGF). Icahn’s offer is to buy the shares of the company for $7.00 per share. The offer is expiring by Tomorrow (Wednesday). Icahn said he is paying a premium for the stock and he in no way is going to extend the offer beyond Wednesday.
Icahn said the company needs to change direction: instead of being a producer, it needs to confining itself to be a distributor.
Carl Icahn is an active investor. Typically he takes a large positions in a company and seeks board representative in order to force the companies to change directors.
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