Both Carl Icahn and and his ex-chief investment officer Mark Rachesky bought more Lionsgate yesterday — 50,000 shares for Icahn, and 439,000 shares for Rachesky. “They now own way too many shares to be able to sell on the open market given the average daily volume and trading in the stock, thus making it more likely that at some point they seek to take over the company and take it private (alongside management or without them) or force a sale,” one of my sources says.
Icahn & Rachesky Add To Lionsgate Stakes
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