Icahn Ends Lionsgate Takeover Bid, Sells All Shares

Law360, New York (August 30, 2011, 6:55 PM EDT) -- Carl C. Icahn agreed Tuesday to sell all of his shares in Lions Gate Entertainment Corp. as part of a settlement ending litigation in New York over the billionaire investor's allegedly unfair tactics in his pursuit of the studio through a tender offer.

Under the terms of the proposed settlement, Icahn and his brother Brett Icahn will sell up to 44 million shares of Lionsgate common stock, and the parties will drop both the suit in New York and another dispute in British Columbia over a...
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