Icahn raised his offer to $7 per share and it is now being reported that he may be teaming up with Mark Cuban who owns 5.4%, giving the two almost a 25% stake in the company.
FYI...saw this in case anyone else is interested in preventing the takeover at this price.
Tripp Levy PLLC Investigates Potential Acquisition of Lions Gate
Tripp Levy PLLC announces an investigation into the proposed tender offer by Carl Icahn to acquire the remaining shares of Lions Gate common stock that he does not already own for $7 per share. Previously, Mr. Icahn sought to expand his current stake of 18.9 percent to 29.9 percent through a tender offer. In addition, it is reported that Mark Cuban recently acquired a 5.4% stake in the company
The investigation concerns whether Icahn and Cuban, who would jointly own almost 25% of the company, as well as the directors of LGF may have breached their fiduciary duties by not acting in LGF shareholders' best interests.
If you own LGF common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact Tripp Levy Tripp Levy PLLC New York, New York Toll Free: 877-772-3975 Email: email@example.com