Lionsgate, Icahn Step Up Fight Over Tender Offer

Law360, New York (June 14, 2010, 5:33 PM EDT) -- In response to yet another salvo from Lions Gate Entertainment Corp. urging shareholders to reject his $7 per share tender offer, billionaire investor Carl Icahn said Monday he sees very little hope for the television and film production company if a proxy fight fails to replace the board, and vowed to drop his investments in the company if that happens.

Icahn said Monday he does believe the company has potential — but only if a new board and new management is put in place soon....
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