Lionsgate has scored a victory in its ongoing battle with Carl Icahn.
Carl Icahn has extended his takeover offer for Lionsgate for a second time, pushing the deadline back until May 21 after receiving only a mild response from shareholders.
Lionsgate's received a four-day delay in its appeal of a ruling by Canadian regulators tossing out its "poison pill" to block Carl Icahn's hostile takeover bid with the hearing pushed back to Friday.
Carl Icahn's extending his hostile takeover offer of Lionsgate for another 10 days after receiving about 5.5% of the shares.
Lionsgate has picked U.S. distribution rights to Katherine Heigl crime-thriller "One for the Money," from Lakeshore Entertainment and Sidney Kimmel Entertainment.
Lionsgate, pressured by Carl Icahn's hostile takeover bid, has announced that preliminary results for its fiscal year ended March 31 are 50% better than it forecast two months ago.
Lionsgate will include Carl Ichan as a voter in its upcoming shareholder vote on a poison pill that's designed to make it more difficult for Icahn to complete a hostile takeover of the minimajor.
Lionsgate has rejected Carl Icahn's sweetened offer for the minimajor, a week after the activist investor raised his hostile bid by 17%.
Amping up the pressure on Lionsgate, Carl Icahn has raised his hostile offer for the company to $7 a share, a 17% increase.
Carl Icahn has raised his hostile offer for Lionsgate to $7 a share, a 17% increase.