TITLE

B'buster rebuffs Icahn attack

AUTHOR(S)
Bond, Paul
PUB. DATE
April 2005
SOURCE
Hollywood Reporter -- International Edition;4/19/2005, Vol. 388 Issue 39, p8
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article reports on the announcement made by Blockbuster Inc. while defending itself from attacks by its largest shareholder, Carl Icahn, that it has no intention of boosting its dividend in the near term. Icahn, in letters addressed to Blockbuster CEO John Antioco and in filings with the U.S. Securities and Exchange Commission, has criticized the company for giving up its attempt at a hostile takeover of Hollywood Entertainment Corp., now set to be acquired by Movie Gallery Inc. Icahn, meanwhile, also has asked that Blockbuster pay its shareholders a large one time dividend, and he has nominated himself to the board of directors, along with Edward Bleier, a former marketing president at Warner Bros., and former CEO of BMG Entertainment Strauss Zelnick.
ACCESSION #
16923742

 

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