Lionsgate, Carl Icahn Confirm Stock Sell-Off

Lionsgate And Carl Icahn End War; Icahn Sells Shares, Both Parties Drop Lawsuits

SANTA MONICA, CA, and VANCOUVER, BC, August 30, 2011 – Lionsgate (NYSE: LGF) (“the Company”), a leading diversified global entertainment company, announced today that Carl and Brett Icahn have reached an agreement with the Company under which the Icahns have agreed to sell up to 44,161,971 shares of Lionsgate common stock, representing substantially all of the Lionsgate shares currently owned by the Icahns. The parties also agreed to dismiss all outstanding litigation between them and release all claims that they may potentially have against each other. (more…)

This article was printed from https://deadline.com/2011/08/lionsgate-carl-icahn-confirm-stock-sell-off-165214/