The British Columbia Supreme Court has tossed out Carl Icahn's petition seeking to invalidate Lionsgate's $100 million debt-to-equity swap that reduced Icahn's stake to 33.5% from 38%.
Carl Icahn Lionsgate Mgm Merger
Carl Icahn's extended his tender offer to buy more Lionsgate stock for another 10 days to Nov. 1.
With MGM's future still murky, Mary Parent has departed as head of its mothballed film production arm.
Domestic Film WEEKEND OF
PROVIDED BY: Box Office
No Good Deed
No Good Deed1Weekend:$24.5M
Dolphin Tale 2
Dolphin Tale 22Weekend:$16.6M
Guardians of the Galaxy
Guardians of the Galaxy3Weekend:$8.0M Disney
MGM's debtholders will have another week to consider a bankruptcy plan that would leave Spyglass Entertainmemt toppers in charge -- a sign that a rival merger proposal from Lionsgate may have gained…
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.
After months of playing defense, there's detente as Lionsgate exex team up with investor Carl Icahn to push for a merger between the studio and MGM.
A temporary truce in the bitter battle between Lionsgate and Carl Icahn will transform the two adversaries into potential dealmakers beginning this week.
Lionsgate and Carl Icahn are taking a 10-day truce in their bitter battle for control of the minimajor so that Lionsgate can pursue mergers and acquisitions.
Lionsgate has re-entered the mix of possible partners for beleaguered MGM.