Today was supposed to be the deadline for Carl Icahn’s $7 per share tender offer made to Lionsgate stockholders. But stockholders were cold to the proposal: only 6.55 million shares have been tendered so far. I don’t think the 10-day extension is going to give Icahn his hostile takeover unless he ups the ante significantly. Otherwise, he’ll have to start proxy fight if he wants to continue, and that could really gets pricey. Stay tuned.
- ICAHN: New Lionsgate Numbers “A Sham”; If No 51%, Might Extend Tender Offer; “Probably” Wage Proxy Fight
- Lionsgate Taunts Carl Icahn: “We Crushed The Numbers”
- Lionsgate Claims 50% Better Earnings Than Expected
- Carl Icahn Kills Poison Pill Defense By Lionsgate
Editor-in-Chief Nikki Finke - tip her here.


Dear Mr. Icahn, Give me $9.50 and I will gladly give you my shares.
In all honesty, I did fumble it a bit with Warner and Yahoo!
No one brings up the fact to Icahn that he bought most of his LionsGate stock when they were in the $9 – $13 range. If he thought they were such a great buy at that price why is he only offering $7 now? Icahn will destroy the only powerful indendepent studio for the sake of giving his son a studio, which is just sad.