Lions Gate Fights Carl Icahn’s Efforts to Increase Stake

March 12th, 2010
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Jon Feltheimer, Chairman and Chief Executive of Lions Gate Entertainment Corp (NYSE: LGF), has encouraged shareholders to deny Carl Icahn’s attempt to amass almost 30% of the company at a price of $6 per share calling the bid “financially inadequate and coercive”, according to the Wall Street Journal. Carl Icahn has denied intent to control the company, but would like more influence in determining the company’s strategic direction. Feltheimer believes the $6 per share bid undervalues the shares, which are currently trading at $5.75, and allows Icahn to acquire control of the company without paying a control premium.
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For Detailed Investor Profiles on these Investors, click below:
Icahn Associates (Carl Icahn)
Related People: Alexander J. Denner; Brett Icahn; Carl Icahn; Keith A. Meister*
Related Entities: High River Limited Partnership; Icahn Partners; Icahn & Co Inc; Icahn Associates; Icahn Enterprises (formerly American Real Estate Partners); Icahn Fund Ltd; Icahn Partners LP
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles

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