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Icahn buys 1.61 million more shares of Lions Gate Entertainment
By Lisa Kerner
Charlotte, N.C., Feb. 18 - Carl C. Icahn and his affiliates including High River LP raised their stake in Lions Gate Entertainment Corp. to 11.95% from 10.56%.
The investors bought 1,608,428 shares of Lions Gate between Feb. 12 and Feb. 17 priced from $4.21 to $4.31 each, according to a schedule 13D/A filed with the Securities and Exchange Commission.
With the latest purchases, Icahn beneficially owns 13,844,151 shares of Lions Gate.
As previously reported, Icahn's representatives have had discussions with Lions Gate and may continue to have discussions with the Santa Monica, Calif., entertainment studio.
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