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.
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.