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.
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.
Building defenses against a possible takeover move by Carl Icahn, Lionsgate has allied with Mark Rachesky, its largest shareholder, and announced he'll be part of its slate of board of directors…
Carl Icahn has remained on the hunt for Lionsgate, boosting his stake this week to 17.7% from 17.2%, according to a regulatory filing.
Carl Icahn has remained on the prowl for Lionsgate, boosting his stake Wednesday to 16.9% from 15.9%, according to a regulator filing.