A Look at Icahn's Canadian Challenge to Lions Gate

A British Columbia Securities Commission panel has turned down billionaire Carl Icahn’s request to block a debt-to-equity swap by Lions Gate Entertainment Corp. The swap, completed last week, sought to stave off a hostile takeover bid from Mr. Icahn.

The Carl Icahn v. Lions Gate (LGF) battle rages on. Unfortunately it features no real suspense; rather, it’s playing out more like a bad dream, in a bad movie. While the Post Office and the related parties’ legal counsel and financial advisers all must be happy to have the work, I’m strictly thinking TiVo: fast-forward past both sides’ rhetoric and “show me the money.”

Billionaire investor Carl Icahn on Tuesday raised his offer to buy independent film studio Lions Gate to 7.50 dollars per share in cash as he seeks to take full control over the company.The board of Lions Gate, home to successful TV series such as "Mad Men", "Nurse Jackie" and "Weeds", as well as recent action film "The Expendables", said it would review Icahn's revised offer.Icahn, already Lions Gate's largest share holder, offered to purchase all of the outstanding common shares and said the deal will not require financing.

[AP] - Activist investor Carl Icahn is raising his bid for the boutique film studio Lions Gate Entertainment Corp. Icahn says he is now offering $7.50 per share, up from $6.50.

Lions Gate Entertainment sets May 4 for shareholder vote on poison pill plan to ward off Carl Icahn's bid

Activist investor Carl Icahn has received approval from Canadian regulators for his hostile takeover of Lions Gate Entertainment Inc., striking another blow to the independent studio's bid to prevent him from gaining majority control

Carl Icahn has increased the pressure on the board of Lions Gate Entertainment by announcing plans for a tender offer for as much as $325m of the group's debt.

Corporate raider Carl Icahn is seeking to shake up Lions Gate Entertainment Corp. by boosting his stake in the Hollywood movie studio