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Carl Icahn's extended his tender offer to buy more Lionsgate stock for another 10 days to Nov. 1.
Lionsgate's dialing up a campaign to persuade MGM's debtholders to choose its merger proposal rather than a rival reorganization plan that would leave Spyglass Entertainment toppers in charge.
Continuing to keep the pressure on Lionsgate, Carl Icahn's sweetened his hostile offer for the minimajor by 15% -- but with a major catch.
Lionsgate has made it official, announcing that its board of directors has unanimously spurned the latest hostile takeover bid from Carl Icahn.
Carl Icahn has lost a round in his bitter battle with Lionsgate as regulators in British Columbia spurned his efforts to overturn the recent $100 million debt-to-equity swap that reduced the…
Carl Icahn has amped up the battle over Lionsgate, filing suit over the recent $100 million debt-to-equity swap that reduced Icahn's stake to 33.5% from 37.3%.
Carl Icahn's decision to launch a hostile takeover of Lionsgate has raised doubts among some financial analysts, who question whether his bid of $6 per share is sufficient.