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 costs and said he plans to launch a fight for control of the company’s board. Lionsgate’s annual meeting is set for Dec. 14.
Carl Icahn Extending Lionsgate Offer
What's Hot on Deadline
Shocker: 'Mamma Mia 2' Meets B.O. Waterloo As 'Equalizer 2' Is The No. 1 Winner That Takes It All With $35M+
Kurt Sutter Revs 'Mayans M.C.' Past 'Sons Of Anarchy's Shadow, Border Politics, Being Outspoken In A #MeToo Moment & Trump's Tiny Hands: Comic-Con
Pop & Rock: 'Mamma Mia 2' Puts $42M In Offshore Jukebox, 'Skyscraper' Tops China With $48M - International Box Office
Latest Film News
- Bradley Cooper’s ‘A Star Is Born’ Headed To Venice After 1st Hollywood Screening Impresses Exhibitors…
- Pop & Rock: ‘Mamma Mia 2’ Puts $42M In Offshore Jukebox, ‘Skyscraper’ Tops China With $48M – International Box…
- Selma Blair Calls On Disney’s Marvel To Rehire James Gunn: “This Man Is One Of The Good Ones”
- ‘Mamma Mia! Here We Go Again’ Sends Universal Past $1B Mark At Domestic B.O.
- ‘McQueen’ Stylish And ‘Blindspotting’ Solid In Debuts, ‘Eighth Grade’ Gets High Marks In Week 2 – Specialty Box…
- Judy Craymer Rides High On ‘Mamma Mia! Here We Go Again’ Success And Explains How Meryl Streep Did Surrender