Less than two years ago, Lionsgate reached a settlement with Carl Icahn that called for the billionaire investor to cash out his 33% stake for $309 million, essentially breaking even on a three-year…
Carl Icahn Lionsgate Board
Summit Entertainment and Lionsgate have agreed to walk down the aisle, combining the town's leading minimajors in a complex cash and stock deal worth $412.5 million.
After years of wrangling, Lionsgate and Carl Icahn have reached a peace accord, with the billionaire investor selling his 33% stake in the company.
Domestic Film DAILY
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Guardians of the Galaxy2Daily:$6.6M Cumulative:$188.5M Disney 23.68%
Into the Storm
Into the Storm3Daily:$2.1M Cumulative:$21.1M Warner Brothers / New Line 21.06%
A New York judge has handed Carl Icahn a setback in his effort to place his five dissident nominees on the Lionsgate board next week.
Lionsgate's facing a major distraction to its operations as Carl Icahn becomes the largest Lionsgate shareholder.
Lionsgate's board of directors decided Thursday to express no opinion and remain neutral in regard to Carl Icahn's tender offer for the company's debt.