Icahn Boosts Lions Gate Holdings To 16.9 Pct

LOS ANGELES (AP) — Billionaire investor Carl Icahn has increased his stake in boutique movie studio Lions Gate Entertainment Corp. to 16.9 percent, according to filings with the Securities and Exchange Commission on Wednesday.

Companies that Icahn controls bought 1.5 million shares that cost an average $5.30 since June 5, the last time he reported his holdings, the filing said. He now controls 19.8 million shares.

Icahn has steadily been increasing his equity position since his tender offer for outstanding convertible bonds in Lions Gate failed to find many takers last month. ...