BY NAT WORDEN AND LAUREN A. E. SCHUKER
Billionaire activist investor Carl Icahn stepped up his bid for control of Lions Gate Entertainment Corp., offering to buy all shares of the film studio he doesn't already own, just as the company participates in the final round of bidding for debt-laden rival Metro-Goldwyn-Mayer Inc.
Mr. Icahn's offer Friday came after he made a recent tender offer aimed at increasing his Lions Gate holdings to 30% from 18.9% by buying the shares at $6 each.
Lions Gate said its board and advisers will review Mr. Icahn's offer and soon make a recommendation to shareholders. The company noted the new offer ...
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