Though still short of a majority stake, Carl Icahn effectively holds 31% in Lions Gate...

|About: Lions Gate Entertainment... (LGF.A)|By:, SA News Editor

Though still short of a majority stake, Carl Icahn effectively holds 31% in Lions Gate Entertainment (LGF) following his $7/share tender offer. Having crossed the 20% threshold, Icahn can now trigger a technical default in the company's $340M credit facility.