As Lionsgate girds for battle with Carl Icahn, the activist investor revealed on Tuesday the pricing of the tender offer he made last week to buy up to $325 million in company debt.
Amping up his battle with Lionsgate, Carl Icahn has offered to buy as much as $325 million of the mini-major's debt in what may be a prelude to a takeover offer.
Lionsgate may be in play as a takeover target for billionaire investor Carl Icahn.
An all-out battle for control of Lionsgate appears to be brewing. Carl Icahn, who has rapidly boosted his stake in the company to 14.5% during the economic crisis, is in talks with the company that…
Lionsgate is in talks with Carl Icahn, who holds 14.5% of the company's stock, that could lead to the billionaire gaining several seats on the board.
Lionsgate has been handed the keys and the deed to cabler TV Guide Network and the TV Guide Online biz after closing its $255 million purchase from Macrovision.
"Tyler Perry's Madea Goes to Jail" took in $41.1 million, giving Lionsgate its biggest opening weekend during a time of instability for the company.
Katherine Heigl has signed on to star opposite Ashton Kutcher in the Lionsgate thriller "Five Killers."
There's blood in the water over at Lionsgate, and it's attracted Carl Icahn.
Lionsgate swung to a net loss of $93.4 million in the fiscal third quarter from a profit of $7.3 million in the year-earlier period.
Domestic Film DAILY
PROVIDED BY: Box Office
Lucy1Daily:$5.4M Cumulative:$54.3M Universal Pictures 9.55%
Hercules2Daily:$3.8M Cumulative:$36.9M Paramount Pictures 13.27%
Dawn of The Planet of The Apes
Dawn of The Planet of The Apes3Daily:$2.5M Cumulative:$177.2M Fox 13.35%