A raider at the Lionsgate?

October 21, 2008 When news circulated Monday that Icahn had acquired a 9.2% stake in Lionsgate -- long the subject of takeover speculation -- some wondered if he was swooping in to hang a for-sale sign on the minimajor, tough market conditions notwithstanding. Actually, Icahn began quietly buying into Lionsgate back in 2006 and had accumulated a 3.7% stake even before his recent share purchases triggered regulatory disclosures. Meantime, Burns' market losses turned out to be Icahn's gain.

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