Icahn buys 5.4 million shares of Lions Gate Entertainment

By Lisa Kerner

Charlotte, N.C., Oct. 20 - Lions Gate Entertainment Corp. investors led by Carl C. Icahn affiliate High River LP reported the purchase of 5,400,500 shares of the company's stock in a schedule 13D filed with the Securities and Exchange Commission.

The shares were acquired between Oct. 7 and Oct. 20 at prices from $6.0869 to $8.4613 each.

Icahn and his affiliates beneficially own 10,762,387 shares, or 9.17%, of the Santa Monica, Calif., entertainment studio.

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