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Sources tell me that the corporate raider/shareholder activist Carl Icahn just purchased another 1 million shares of Lionsgate to add to his more than 14% stake in the entertainment mini-major which just reported that its annual loss widened. Financial circles are abuzz about what next strategy he’s planning to pursue after his tender offer for Lionsgate’s debt failed. (See my previous, So What Now, Carl?) LG’s shareholder meeting is looming in September.
Editor-in-Chief Nikki Finke - tip her here.
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i wish this guy would actually run a studio instead of just trading them like pogs
man up icahn and make stuff
I figured that when those losses were made public he was going to start approaching other shareholders saying: “Look what holding out has got you,” and then either buying them out or recruiting them to his cause.
While the management may have won the battle over the debt, the siege goes on.