His $7-a-share tender offer doesn’t expire until 8 PM ET tonight. But he’ll be Lionsgate’s largest shareholder after stating publicly today he has received 12.5% of the studio’s shares from stockholders presumably including Mark Cuban. That 31% is a big jump from the 19% stake he held in the film company before he put his offer on the table. It’s also a blow to current Lionsgate management which has kept advising shareholders not to deal with Icahn. He offered $7 a share for the remainder. MORE
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