Tags: US | Lions | Gate | Icahn

Icahn Increases Offer for Lions Gate to $7 a Share

Friday, 16 Apr 2010 01:24 PM

 

Billionaire investor Carl Icahn is raising his bid for all of Lions Gate Entertainment Corp. to $7 a share from his previous bid of $6.

The company had complained that Icahn's previous offer was too low.

Lions Gate shares jumped in Thursday's after-hours trading after the company announced Icahn's bid. They rose 48 cents, or 7.5 percent, to $6.85.

Lions Gate said it would make its recommendation to shareholders promptly.

© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

1Like our page
2Share
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved