Icahn Still at Lions Gate

Marino, Jonathan
June 2010
Mergers & Acquisitions Report;6/7/2010, Vol. 23 Issue 23, p31
This article reveals the plan of activist investor Carl Icahn to continue his efforts to buy out California-based Lions Gate Entertainment in spite of a poison pill that shareholders are supporting to thwart his acquisition of the firm. It notes that Icahn will trigger the poison pill provision of the firm if decides to boost his equity stake to more than the 20% threshold. A report from Caris & Co. targets a price of nine U.S. dollars for the firm's stock.


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