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Lionsgate Still Waiting To Price Icahn Shares

By DAVID LIEBERMAN, Executive Editor | Wednesday October 5, 2011 @ 2:20pm PDTTags: Carl Icahn, Carl Icahn Tender Offer, Lionsgate, Lionsgate Carl Icahn

Has Lionsgate’s effort to sell 19.2M shares in the company owned by Carl Icahn been put “on hold,” as Reuters reported yesterday? The answer is: sort of, but not exactly. Yes, the company wanted to price the shares this week and hasn’t done so yet.  Timing is important: Lionsgate is committed to pay Icahn $7 a share, and closed on Tuesday at $6.84. Still, the company has until October 18 to make the sale, and can price it almost at a moment’s notice. So Lionsgate is within the window to see if it can command a better price. That’s not a far-fetched idea. Its shares closed today at $7.02. If there’s no sale by the mid-October deadline, then Icahn simply hangs on to his shares — something that neither side seems to want.

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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 Makes Another Offer To Buy Up Even More MGM Debt

By THE DEADLINE TEAM | Tuesday October 26, 2010 @ 1:45pm PDTTags: Carl Icahn, Carl Icahn Lionsgate MGM Merger, Carl Icahn Shares, Carl Icahn Tender Offer, Gary Barber, Lionsgate Carl Icahn, Lionsgate Finance, Lionsgate MGM, Lionsgate MGM Merger, MGM Bankruptcy, MGM Spyglass, Movies, Roger Birnbaum

Carl Icahn has made another offer to MGM lenders in hopes of thwarting the prepackaged bankruptcy plan and Spyglass deal. He’s now offered to buy $1.6 billion in debt at a premium price of 53 cents on the dollar; last week, … Read More »

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Lionsgate Spurns Latest Carl Icahn Offer

By MIKE FLEMING JR | Wednesday September 8, 2010 @ 5:47pm PDTTags: Carl Icahn, Carl Icahn Proxy Fight, Carl Icahn Tender Offer, Kick-Ass, Lionsgate, Lionsgate Carl Icahn, Lionsgate Finance, Lionsgate Stock, The Expendables, The Last Exorcism
Mike Fleming

Lionsgate has recommended to shareholders that they spurn Carl Icahn’s latest offer to pay $7.50 for outstanding shares. The company just filed its Schedule 14D-9 Report. The report described a September 7 meeting of the board of directors, which unanimously rejected the offer and voted to recommend that shareholders do … Read More »

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Icahn Offers $7.50 Per Lionsgate Share; Annual Meeting Delayed Until After Oct. 12

By NIKKI FINKE, Editor in Chief | Tuesday August 31, 2010 @ 10:17am PDTTags: Carl Icahan Hostile Takeover, Carl Icahn, Carl Icahn Lionsgate, Carl Icahn Tender Offer, Lionsgate Annual Meeting, Lionsgate Debt-For-Equity, Lionsgate Finance, Lionsgate Hostile Takeover, Lionsgate Shares, Mark Rachesky

Every Icahn move has deep reverberations inside the film/television studio whose management is increasingly paranoid about how their actions will be viewed by him. What a destabilizing situation. Now Carl Icahn’s hostile takeover attempt intensifies with his $7.50 a … Read More »

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Icahn Files Lawsuit Against Lionsgate Board

By NIKKI FINKE, Editor in Chief | Monday July 26, 2010 @ 4:05pm PDTTags: Carl Icahan Hostile Takeover, Carl Icahn, Carl Icahn Canadian Petition, Carl Icahn Lionsgate Lawsuit, Carl Icahn Proxy Fight, Carl Icahn Shares, Carl Icahn Tender Offer, Icahn Lionsgate Stock, Lionsgate Annual Meeting, Lionsgate Board of Directors, Lionsgate Carl Icahn, Lionsgate Debt-For-Equity

Another nasty day in the Carl Icahn vs Lionsgate battle. This time, Icahn has made good on his threat to go to court to overturn the film/TV studio’s recent “scorched earth tactic” that diluted his stock holdings He’s referring … Read More »

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Lionsgate Suddenly Dilutes Icahn Holdings

By NIKKI FINKE, Editor in Chief | Tuesday July 20, 2010 @ 1:44pm PDTTags: Carl Icahn, Carl Icahn Proxy Fight, Carl Icahn Tender Offer, Lionsgate, Lionsgate Carl Icahn, Lionsgate Deleveraging Transaction, Lionsgate Finance, Lionsgate Hostile Takeover, Lionsgate Stock, Lionsgate Stockholders, Lionsgate Tender Offer, Wall Street

Ceasefire Ends; Lionsgate Ponders Icahn’s $6.50 A Share Bid

So now Carl Icahn owns only 33.5% of the film and TV studio, and not the 37.9% he had as of yesterday. Nasty, nasty, nasty. Though it is interesting … Read More »

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IT’S WAR AGAIN: As 10-Day Ceasefire Ends, Lionsgate Ponders Icahn’s $6.50 Share Bid

By MIKE FLEMING JR | Tuesday July 20, 2010 @ 7:22am PDTTags: Carl Icahn, Carl Icahn Shares, Carl Icahn Tender Offer, Lionsgate, Lionsgate Board of Directors, Lionsgate Carl Icahn, Lionsgate Finance, Lionsgate Management, Lionsgate Tender Offer, Poison Pill Defense
Mike Fleming

UPDATED: What came out of the 10-day cease fire between Carl Icahn and Lionsgate management? An offer by Icahn to buy the company for $6.50 a share. Considering that Icahn acquired over 30% of the company by offering $7 per share — Lionsgate management called that sum inadequate … Read More »

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