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.
Carl Icahn Tender Offer
Carl Icahn has won a partial victory in his battle for control of the Lionsgate board.
Carl Icahn has extended his $7.50 a share hostile tender offer for Lionsgate for 10 days until Dec. 2.
Domestic Film DAILY
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No Good Deed
No Good Deed1Daily:$1.8M Cumulative:$27.7M Sony / Screen Gems 13.13%
Guardians of the Galaxy
Guardians of the Galaxy2Daily:$778,903 Cumulative:$307.3M Disney 34.56%
Dolphin Tale 2
Dolphin Tale 23Daily:$703,203 Cumulative:$17.1M Warner Brothers 34.59%
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's extended his tender offer to buy more Lionsgate stock for another 10 days to Nov. 1.
A temporary truce in the bitter battle between Lionsgate and Carl Icahn will transform the two adversaries into potential dealmakers beginning this week.
As Carl Icahn's stake in Lionsgate balloons to nearly 40%, bizzers and Wall Streeters are perplexed about the maverick investor's next move and what the ongoing drama means for the company.
Lionsgate has re-entered the mix of possible partners for beleaguered MGM.
Carl Icahn's made it official, announcing his stake in Lionsgate has risen to 31.8% through his tender offer -- and portending a nasty proxy fight for control of the minimajor.
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.