Lions Gate no longer worth it for Carl Icahn

Icahn ends battle with Lions Gate, agrees to sell stake

Los Angeles Times

Activist investor Carl Icahn has agreed to sell all of his holdings in Lions Gate Entertainment, ending his bitter, three-year-long battle to take over the film and television studio and oust its management.

Carl Icahn places a buy order for Lions Gate

Billionaire investor Carl Icahn has bought into Lions Gate Entertainment (LGF).

LGF opened gap-up this morning in NYSE trading before settling down 6 cents per share to $7.31. Lions Gate has traded as high as 10.97 per share over the past 52 weeks.

Hopefully, for our billionaire investor, LGF will do much more for him than Oliver Stone and the movie 'W' has done for Lions Gate Entertainment.

article