Entertainment & Sports
Jun. 15, 2010
Icahn, Lionsgate Battles Continues
Investor Carl Icahn admonished the Lionsgate Entertainment board of directors on Friday for approving a poison pill if Icahn obtained more than 20 percent of the studio's stock.
Daily Journal Staff Writer
Investor Carl Icahn admonished the board of directors for movie studio Lionsgate Entertainment on Friday for approving a poison pill set to trigger a default on $472 million in loans if Icahn obtained more than 20 percent of the studio's stock.
The investor, who already owns 19 percent of the studio, issued the open letter to the board just days before his $7-per-share tender ...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In