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.
Carl Icahn Still Fighting for Lionsgate
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