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Wall Street is happy to Lionsgate settle its long-running takeover battle with Carl Icahn.
Despite a 7% decline in the minimajor's share price on Wednesday, several prominent analysts weighed in with positive research notes about the accord unveiled late Tuesday that will see the maverick investor and his son, Brett, sell their 33% stake in Lionsgate for a total of about $309 million.
Lionsgate shares saw an inevitable decline in the first day of trading after the announcement, with shares dropped 56 cents to close at $6.96--a shade below the $7 price set by Lionsgate and Icahn for sale of Icahn's 44.2 million shares. Volume was far heavier than normal, with more …