The billionaire shareholder activist isn’t buying a lot — but it’s enough to keep company watchers wondering whether he might challenge Lionsgate’s management at the September 13th investor meeting in Toronto. He bought 53,963 shares this week at about $7 a share, raising his stake slightly to 33.2%, he says in an SEC filing. The latest purchases follow the 702,877 shares he bought last week, his first purchase of the studio’s stock since July 2010. It’s unclear whether he’ll be able to cast votes with his new holdings. Lionsgate set August 5th as the record date — purchases after then typically can’t be voted. But Canadian law allows for some exceptions. Still, Icahn could offer other candidates for the board at any point up to the meeting. Icahn, who has criticized Lionsgate’s spending and strategy, nominated five board candidates last year. All lost. Lionsgate said last week that it is running the same 12-director slate that was elected last year.
Carl Icahn Continues To Buy Lionsgate Stock Ahead Of Shareholder Meeting
What's Hot on Deadline
Stephen Colbert: Donald Trump Looked Un-Prepared At Debate, Hillary Clinton Looked "Like Preparation H"
Hollywood Wastes No Time Responding To Donald & Hillary; Megyn Kelly & Rosie O'Donnell Get The Last Word, For Now
'Magnificent Seven' Lassos $59.3M Worldwide & Record $34.7M U.S. Opening For Antoine Fuqua - Monday Final B.O.
Latest Film News
- Oscars: Italy’s Foreign Language Entry ‘Fire At Sea’ Also Will Be Pushed In Documentary
- ‘Magnificent Seven’ Lassos $59.3M Worldwide & Record $34.7M U.S. Opening For Antoine Fuqua – Monday…
- Molly Parker, Miranda July & Newcomer Helena Howard Topline Indie Pic ‘Movie No. 1’
- L.A. OKs 17% Fee Hike For On-Location Fire Safety Officers
- Kyle Bornheimer Joins Netflix’s ‘Little Evil’; Mira Sorvino Goes ‘Behind The Glass’
- ‘Pacific Rim 2’ Adds ‘Emerald City’s Adria Arjona