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Lions Gate Entertainment Corporation

A collection of news and information related to Lions Gate Entertainment Corporation published by this site and its partners.

Top Lions Gate Entertainment Corporation Articles

Displaying items 78-88
  • Carl Icahn owns nearly 32% of Lions Gate stock as tender closes

     
    Carl Icahn is now the largest shareholder in Lions Gate Entertainment with 31.8% of the company's outstanding stock. A person familiar with the situation confirmed that the activist investor’s $7 per share tender offer, which expired at 5 pm Pacific.......
  • Carl Icahn sees Lions Gate-MGM merger as problematic, not impossible

     
    Dissident shareholder Carl Icahn said he views a potential merger between Lions Gate Entertainment and Metro-Goldwyn-Mayer as very problematic given the troubles at both studios, though he stopped short of saying he would oppose a deal "if it made sense."...
  • Lions Gate talking to MGM about possible merger of lions

     
    Lions Gate Entertainment, the embattled studio under siege from dissident investor Carl Icahn, has been holding merger discussions with the management of Metro Goldwyn Mayer, according to people close to the situation. The talks, if successful, could...
  • Lions Gate gets amendment from lenders to raise threshold for change of control

     
    With activist investor Carl Icahn's increased stake in Lions Gate Entertainment triggering a potential default in its revolving credit facility, the company has retained an amendment from its lenders that raises the change-of-control threshold from 20% to...
  • Carl Icahn now owns about 34% of Lions Gate [updated: ups stake to nearly 38%]

     
    [Update, 1:15 p.m.: Icahn reported Thursday afternoon that he bought 4.6 million Lions Gate shares on the open market after his tender offer closed, bringing his total stake in the company to 37.9%. The move signifies that Icahn will continue......
  • As Icahn gains ownership, Lions Gate serves up another poison pill

     
    Under siege from Carl Icahn, Lions Gate Entertainment has adopted a so-called poison pill designed to prevent the activist shareholder from taking control of the Santa Monica studio. The board of directors of the company behind the "Saw" movies and......
  • Lions Gate and Icahn sign 10-day truce to work on deals

     
    Lions Gate Entertainment and Carl Icahn are hitting the pause button on their battle for control of the movie and television production company to search for common ground on potential mergers and acquisitions. The Santa Monica-based company and the...
  • Lions Gate makes merger presentation to MGM creditors

     
    The lions are in the room together. Independent studio Lions Gate Entertainment's chief executive, Jon Feltheimer, and vice chairman, Michael Burns, on Tuesday made a formal merger presentation to the steering committee of creditors overseeing the...
  • MGM gets debt forbearance No. 6

     
    The longest-running drama in the movie business has been renewed yet again. Metro-Goldwyn-Mayer, which has been teetering on the edge of bankruptcy for nearly a year, received a sixth debt forbearance from its bondholders and banker on Wednesday. The...
  • Lions Gate stock pummeled by expiration of Icahn's bid, merger talks with MGM

     
    Lions Gate Entertainment stock has been taking a beating this month after the expiration of Carl Icahn's $7-per-share hostile tender offer and because of the uncertain state of the studio's merger talks with Metro-Goldwyn-Mayer. Shares closed at $7.15...
  • Icahn back at war with Lions Gate, launches new hostile takeover offer [updated]

     
    [Update, 3 p.m.: Lions Gate responded to Icahn's new tender offer on Tuesday afternoon by converting $100 million of its debt to equity at a price of $6.20 per share. The move creates 16.2 million new shares of Lions Gate......