In rejecting Carl Icahn's hostile takeover bid, Lionsgate's toppers are making the case that the minimajor is poised for serious growth if allowed to continue on its path.
Carl Icahn's decision to launch a hostile takeover of Lionsgate has raised doubts among some financial analysts, who question whether his bid of $6 per share is sufficient.
Moody's Investors Service has warned that Carl Icahn's bid to boost his Lionsgate stake could hurt the minimajor's credit.
With Lionsgate pondering a possible binding offer for MGM this week, the mini-major's gearing up for a battle with Carl Icahn over the merits of such a deal.
Standard & Poor's has lowered the outlook on Lionsgate to "negative" in reaction to Carl Icahn's unsolicited tender offer to boost his stake from 19% to 29.9%.
Carl Icahn said Monday that he is not trying to take over Lionsgate.
Carl Icahn's on the prowl again for Lionsgate in the wake of the mini-major exploring acquisitions.
Lionsgate has tapped Peter Iacono to head its international TV distribution arm.
Activist investor Carl Icahn has decided his work is done at Yahoo Inc. after muscling his way on to the slumping Internet company's board nearly 15 months ago.
Lionsgate shareholders have elected all 12 of the mini-major's nominees to its board as a long-threatened proxy fight from billionaire Carl Icahn failed to materialize.
Domestic Film DAILY
PROVIDED BY: Box Office
Lucy1Daily:$3.7M Cumulative:$58.1M Universal Pictures -31.20%
Hercules2Daily:$2.6M Cumulative:$39.5M Paramount Pictures -30.84%
Dawn of The Planet of The Apes
Dawn of The Planet of The Apes3Daily:$1.8M Cumulative:$179.0M Fox -26.35%