Are Lionsgate and Summit doing a mating dance again?
Lionsgate Mgm Merger
Carl Icahn's extended his tender offer to buy more Lionsgate stock for another 10 days to Nov. 1.
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…
2016-2017 Oscar Predictions
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.
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.