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Lionsgate Shares Jump 15% on Reported Legendary Takeover Offer

Lionsgate shares rose 15% Tuesday after reports that Legendary Entertainment revived acquisition talks and submitted a formal takeover offer. The body is truncated.

LION

Shares of Lionsgate Studios Corp (LION) jumped 15% on Tuesday after reports that Legendary Entertainment has revived acquisition talks and submitted a formal takeover offer.Legendary, the producer of the Dune and Minecraft film franchises, had held intermittent discussions with Lionsgate since weig…