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Lionsgate Says It Sees Losses From ‘Conan The Barbarian’, ‘Warrior’, And ‘Abduction’

By DAVID LIEBERMAN, Executive Editor | Monday September 26, 2011 @ 12:24pm PDTTags: Carl Icahn, Carl Icahn Lionsgate Share Offer, Carl Icahn Proxy Fight, Carl Icahn Shares, Lionsgate, Michael Burns, Michael Burns Carl Icahn

People who follow box office results closely won’t be surprised, but Lionsgate made it official today: Conan the Barbarian, Warrior and Abduction were such stiffs that the company says in an SEC filing it expects to announce that it lost somewhere between $40M-$50M in cash flow for the current quarter. Lionsgate made the unusual forecast in a prospectus to sell 19.2M shares, which stems from its agreement to help billionaire Carl Icahn unload most of his holdings in the company. The arrangement ended Icahn’s effort to take control. Vice Chairman Michael Burns is meeting with investors who might want to buy the shares. Lionsgate stock was unchanged in mid-day trading.

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Carl Icahn Extending Lionsgate Offer

By THE DEADLINE TEAM | Tuesday November 23, 2010 @ 8:42am PSTTags: Carl Icahn, Carl Icahn Lionsgate Share Offer, Carl Icahn MGM Debt, Carl Icahn Shares, Carl Icahn Tender Offer, Lionsgate, Lionsgate Carl Icahn, Lionsgate Finance, MGM Debt

His $7.50-per-share offer had been set to expire Monday but has been extended to December 2. Icahn is the biggest shareholder in Lionsgate, at 33%. The offer expires on the same day that MGM is supposed to receive confirmation of its bankruptcy plan – Icahn owns 18% of MGM’s debt. Icahn has repeatedly criticized Lionsgate for … Read More »

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Carl Icahn Extends Lionsgate Share Offer

By MIKE FLEMING JR | Friday November 12, 2010 @ 12:59pm PSTTags: Carl Icahn, Carl Icahn Lionsgate, Carl Icahn Lionsgate Share Offer, Carl Icahn MGM, Carl Icahn MGM Debt, Carl Icahn Shares, Lionsgate, Lionsgate Finance, Lionsgate MGM, Lionsgate Stock, Lionsgate Tender Offer, Movies
Mike Fleming

Though Carl Icahn’s attempt to take control of Lionsgate was dealt a setback recently by a Supreme Court judge in British Columbia who dismissed Icahn’s lawsuit to stop a Lionsgate de-leveraging move that pushed his 38% stake down to 33.5%, … Read More »

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