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Carl Icahn Discusses His Tender Offer for Lions Gate Entertainment

June 28, 2010 | About:

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.

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.


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