TMCnet News
Carl Icahn Says He Will Not Extend $7 Per Share Offer For Lions Gate (LGF)Jun 28, 2010 (SmarTrend News Watch via COMTEX) -- 6/28/2010-Billionaire investor Carl Icahn announced that he will not be extending his $7 per share offer to acquire Lions Gate Entertainment (NYSE:LGF), which is due to expire on June 30. Icahn said, "I firmly believe that after the expiration of my tender offer, which will not be extended, the price that Lions Gate will trade at will be lower than $7 per share." Lions Gate Entertainment (NYSE:LGF) is trading off 1.9% to $7.13 on the news. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup |