LIONS GATE FIRES NEW SHOTS AT CARL ICAHN

Lions Gate Entertainment wants the U.S. District Court in Manhattan to require Carl Icahn to disclose information about whether he entered into a secret agreement with MGM creditors to merge the studio on his terms with Lions Gate, the Wall Street Journal reported today (Tuesday). In its court filing, Lions Gate also accused Icahn of [...]

ICAHN PREPARES FOR NEW LIONS GATE BATTLE NEXT YEAR

In a MacArthur-like “I shall return” pronouncement, Carl Icahn on Tuesday vowed to resume his battle with Lions Gate Entertainment management next year. Noting that the New York Supreme Court had agreed to hold a full trial on his complaint that Lions Gate had wrongfully diluted the value of his shares by conducting what he [...]

ICAHN ADMITS DEFEAT — FOR NOW

Carl Icahn has thrown in the towel in his long fight to take control of Lions Gate Entertainment. He acknowledged on Monday that his unsuccessful effort to persuade a New York court to issue an injunction that would have the effect of blocking the company’s equity-for-debt swap with Mark Rachesky, Lions Gate’s second-largest shareholder behind [...]

LIONS GATE BOARD FIRES BACK AT CARL ICAHN

Approaching a showdown next Tuesday with activist investor Carl Icahn, who has been maneuvering to take control of Lions Gate Entertainment, the company’s board on Wednesday fired off a scathing message to shareholders warning them that Icahn “typically does not make money for shareholders of companies on which he or his representatives have secured board [...]

ICAHN SAYS RESULT OF LAWSUIT ALL-IMPORTANT IN LIONSGATE TAKEOVER

Carl Icahn has conceded that in order for him to win a proxy battle next week to put five nominees of the board of Lions Gate Entertainment, he must win a lawsuit in New York in which he seeks to undo a debt-for-equity transaction by the company that increased the stake of Mark Rachesky while [...]

ICAHN LAUNCHES WEBSITE AIMED AT LIONS GATE SHAREHOLDERS

Perhaps sensing that his bid to take over Lions Gate Entertainment, the parent of Lionsgate Studios, has been greeted unenthusiastically by the news media, Carl Icahn has launched a website, www.SaveLionsGate.com, to present his case. It appears just one week before shareholders at their annual meeting are due to vote on a new board of [...]

ICAHN BATTLE PUSHES LIONS GATE INTO THE RED

Despite a 25-percent rise in overall revenue during its second quarter versus the same quarter a year ago, Lions Gate Entertainment on Tuesday reported that its legal battle with activist investor Carl Icahn contributed to a $30-million loss in the period. Some $20.7 million of that loss was related to a debt-for-equity swap with shareholder [...]

ICAHN A LION TAMER?

Activist investor Carl Icahn may be turning out to be a more influential figure in the resurrection of MGM than earlier reports had indicated. According to today’s (Thursday) New York Post, besides securing for himself a seat on the MGM board (which had been widely reported), Icahn succeeded in obtaining an agreement from MGM’s debtholders [...]

ICAHN — DOWN, BUT STILL SWINGING

Activist investor Carl Icahn made it clear Tuesday that he’s not about to throw in the towel in his battle to gain control of Lions Gate Entertainment. He announced Tuesday that he will appeal Monday’s decision by the British Columbia Supreme Court to toss out his lawsuit against the management of Lions Gate, whom he [...]

ICAHN LOSES A ROUND

Carl Icahn’s feud with the management of Lions Gate Entertainment encountered a new obstacle on Monday when a Canadian court threw out his effort to overturn a shareholder transaction that diluted his stake in the company. As a result of the decision by the British Columbia Supreme Court, Icahn’s stake in Lions Gate will remain [...]

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