CBS and Lionsgate have tapped a new leader for TV Guide Network, the first exec move since the Eye bought a half interest in the cabler last month. Brad Schwartz, a former programming exec at Fuse…
Lionsgate Board Of Directors
Lionsgate has named investor Mark Rachesky , who owns 37 percent of the mini-major -- as co-chairman of the board.
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.
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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%
Lionsgate has made it official, announcing that its board of directors has unanimously spurned the latest hostile takeover bid from Carl Icahn.
Carl Icahn has amped up the battle over Lionsgate, filing suit over the recent $100 million debt-to-equity swap that reduced Icahn's stake to 33.5% from 37.3%.
Carl Icahn has gone back to the barricades with Lionsgate at the end of a 10-day truce with the minimajor and launched another hostile takeover bid.
Carl Ichan's blistered the management of Lionsgate and officially notified the minimajor that he'll launch a proxy fight to take over the board of directors.
Lionsgate will include Carl Ichan as a voter in its upcoming shareholder vote on a poison pill that's designed to make it more difficult for Icahn to complete a hostile takeover 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.