NEW SHOTS FIRED IN LIONS GATE – ICAHN WAR

After a 10-day lull in the trench warfare between the management of Lions Gate Entertainment and activist investor Carl Icahn, the two sides resumed the battle on Tuesday. Firing the first shot, Icahn launched a new hostile bid to gain control of the company, this time offering $6.50 for the shares, which had dropped from [...]

ICAHN TOSSES IN THE (BLOCKBUSTER) TOWEL

Activist investor Carl Icahn is apparently tossinging in the towel in his longtime battle to restore Blockbuster as a force in the entertainment industry. According to an SEC filing, Icahn, the company’s largest shareholder, has sold more than 13 million shares of the Dallas-based video rental chain for pennies on the dollar. In 2005 he [...]