Shares of Lions Gate landed on the radar after Carl Icahn announced plans to sell a lion’s share of his stake.
How should you trade it?
Guy Adami sees opportunity. “Lions Gate has something like 35 days to designate a buyer for those shares around $7 or so,” he explains. “I think it’s a buy.”
As you may know, Carl Icahn first sought to buy all of Lions Gate in March 2010, after the company spurned Icahn's attempts to increase his control over the board.
Since then, Mr. Icahn and Lions Gate have waged a very public war of words, some of which was carried out on Fast Money.