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…
Icahn Lionsgate Stock
After years of wrangling, Lionsgate and Carl Icahn have reached a peace accord, with the billionaire investor selling his 33% stake in the company.
Carl Icahn has extended his $7.50 a share hostile tender offer for Lionsgate for 10 days until Dec. 2.
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Lionsgate has made it official, announcing that its board of directors has unanimously spurned the latest hostile takeover bid from Carl Icahn.
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's facing a major distraction to its operations as Carl Icahn becomes the largest Lionsgate shareholder.