News Update: Carl Icahn Boosts Lions Gate Takeover Offer To $7.50 Per Share
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Carl Icahn said he raised his bid for Lions Gate Entertainment (NYSE:LGF) to $7.50 per share, from $6.50 per share. The offer is due to expire on October 22, and is not subject to financing, Icahn said. Icahn is pressing for a proxy contest in addition to his hostile takeover bid. SmarTrend currently has Lions Gate Entertainment in a Downtrend. Since 2008, SmarTrend subscribers trading Lions Gate…