In another move to save MGM, LionsGate and lead investor billionaire Carl Icahn offer tender for merger.
MGM still has a proposal from the private company Spyglass Entertainment on the table, after declining the proposal last month from Sahara India.
Icahn currently owns a stake in both LionsGate and MGM.
CNBC Article http://www.cnbc.com/id/39629706
Wall Street Journal article http://online.wsj.com/article/SB10001424052748704911704575326932622839288.html