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.
Lionsgate Tender Offer
Carl Icahn has extended his $7.50 a share hostile tender offer for Lionsgate for 10 days until Dec. 2.
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.
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.
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.
Carl Icahn is building an arsenal for a nasty proxy fight with Lionsgate. He made it official on Thursday that his stake in the company has risen to 31.8% through his tender offer.
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.