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A temporary truce in the bitter battle between Lionsgate and Carl Icahn will transform the two adversaries into potential dealmakers beginning this week.
Lionsgate's top execs and the billionaire investor, who already owns nearly 38% of the minimajor's stock, plan to explore mergers and acquisitions together over the next 10 days. The announcement, which came on Friday, didn't name a potential target, but insiders have indicated that MGM will be the focus of the Lionsgate-Icahn initiative. The agreement also will temporarily preclude the kind of public criticism that each side has aimed at the other.
Making a deal for MGM presents a complicated scenario, given that …