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Carl Icahn Discusses His Tender Offer for Lions Gate Entertainment

June 28, 2010 | About:
Saj Karsan

guruek

80 followers
Billionaire investor, Carl Icahn, shed light on his offer for Lions Gate Entertainment (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.

To check the complete list of of Carl Icahn, please go to http://www.gurufocus.com/holdings.php?GuruName=Carl+IcahnGuruFocus provides real time information and insights of Investment Gurus such as Warren Buffett and Carl Icahn for Premium Members. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.

About the author:

guruek
Saj Karsan founded an investment and research firm that is based on the principles of value investing. He has an MBA from the Richard Ivey School of Business, and an undergraduate engineering degree from McGill University.

Rating: 3.4/5 (5 votes)

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