Icahn back again with hostile takeover

[italkcash]

The legendary investor Carl Icahn offered Lions Gate 6$ per share to buy out the entire company. Icahn already owns 19% share in the company and his bidding rose the stock price 4.75% to 6.25$ per share.

The company opposed Icahn's bid to take over the entire company, citing it would give him to much control. Knowing Icahn's past ventures a numerous companies most recent the board takeover of Yahoo has made him the most known investor for benefiting shareholders.

We will follow Icahn closely the next many months to get insight into his ventures with Lions Gate.