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Icahn bails on fight for Lionsgate.(Carl Icahn)
After three years of messy battling, Lionsgate and Carl Icahn have made peace abruptly eliminating what had been on major distraction for the mini-major.
The billionaire investor and Lionsgate jointly announced Tuesday that Icahn and his son Brett have agreed to sell his 33% stake in the company in a series of deals worth about $309 million at $7 a share.
Lionsgate noted the price was approximately 7% below Friday's closing market price of $7.55 and about the same as Icahn's cost basis for the shares.
"We believe that this accretive and antidilutive transaction is in the best interests of all Lionsgate shareholders, and it allows the company to continue to …
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- Lionsgate, Icahn call truce.(Carl Icahn)
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Magazine article from: Daily Variety
McNary, Dave
July 12, 2010
700+ words
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- Post-Icahn era begins.(Lionsgate Films without Carl Icahn)
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Magazine article from: Daily Variety
McNary, Dave
September 1, 2011
700+ words
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- Icahn sweetens Lionsgate offer.(Carl Icahn )
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Magazine article from: Daily Variety
McNary, Dave
September 1, 2010
700+ words
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- Icahn raises Lionsgate ire.(Carl Icahn of Lions Gate Films Inc.)
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Magazine article from: Daily Variety
McNary, Dave
March 15, 2010
700+ words
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- Icahn sells Lionsgate stake, ends feud.(FINANCE)
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Magazine article from: Multichannel News
Farrell, Mike
September 5, 2011
700+ words
