Carl Icahn on Friday once again extended his $7.50-per-share tender offer for Lions Gate Entertainment Corp., where he is the largest individual shareholder.
Icahn’s latest offer was set to expire today, but now is extended until 11:59 p.m. PST on Nov. 22. He has a roughly 30 percent stake in the company, which has corporate headquarters in Vancouver, British Columbia, but most of its studio operations in Santa Monica.
Icahn has attempted to gain control of Lions Gate for more than a year, but the studio’s leadership has fought him. He did not say in Friday’s announcement how many shares had been accumulated since the last extension on Nov. 1.
Lions Gate shares were up 3 cents, or less than 1 percent, to $7.24 in midday trading on the New York Stock Exchange.
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