On Monday the Lions Gate Entertainment Corp's board will be reviewing the investor Carl Icahn's bid, unsolicited, to increase its share in the company.

Icahn is expecting to incline on the ladder of its stake to 29.9 percent from 18.9 percent, which would turn him the largest shareholder in the company.

The Icahn group has offered a $6 per share. According to the company, Morgan Stanley had been serving him as its financial adviser, thus the shareholders need not to take any immediate action regarding Icahn's tender.

Icahn's made the offer after Lions Gate expressed interest in acquiring the studio MGM and the Walt Disney Co film unit Miramax.

The offer was conditional on Lions Gate' part, to not to enter into any deal outside the ordinary course of business, which will block the company from grabbing the MGM or Miramax.