Lionsgate In Talks With Icahn

Law360, New York (May 18, 2010, 5:39 PM EDT) -- In spite of recently introducing a poison pill provision to thwart billionaire investor Carl Icahn's efforts to take over the company, Lions Gate Entertainment Corp. says it is now in talks with Icahn to discuss ways to end the long-standing struggle for control.

Consistent with the board's duty to explore all alternatives that could be in the best interest of shareholders, the company has decided it is now appropriate to respond to recent communications from Icahn, Lionsgate said in a filing with the U.S. Securities and...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.