Amping up the hostilities in its war with Carl Icahn, Lionsgate has managed to dilute the mogul's stake from 37.9% to 33.5% by swapping $100 million of the company's debt for stock.
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.
The intertwined fates of Lionsgate and MGM may come into focus this week.
Shares of Lionsgate have taken a 4% hit after an analyst lowered his rating on the stock on concerns about the impact of a possible MGM-Lionsgate merger.
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.
As Carl Icahn's stake in Lionsgate balloons to nearly 40%, bizzers and Wall Streeters are perplexed about the maverick investor's next move and what the ongoing drama means for the company.
Carl Icahn has increased his stake in Lionsgate to 33.9% following completion of his hostile tender offer for the minimajor -- adding another 2% during the past two weeks, and setting the stage for a…
Firing another salvo in the battle for Lionsgate, Carl Icahn's issued a gloomy assessment of the minimajor and predicted its share price will decline below his $7 a share hostile takeover offer.
Lionsgate has rounded out the cast of "Machine Gun Preacher" with Michelle Monaghan, Madeline Carroll, Kathy Baker and Souleymane Sy Savane.
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.