Dell Inc. tells suitors Carl Icahn and Southeastern Asset Management that the company would not provide more information about itself.» Read More
As Lionsgate continues its battle with Carl Icahn and its push to merge with MGM, it reported that it swung to a second quarter loss. The studio announced its earnings after the bell Tuesday — a net loss of 22 cents per share, down from a net profit of 26 cents per share in the year-earlier quarter, and 25 percent higher revenue of $456.3 million.
Lions Gate is offering to combine its business with MGM in a deal supported by billionaire investor Carl Icahn, who owns stakes in both studios.
Blockbuster failed to update its brick-and-mortar model to compete in the fast-paced digital age, and it's been trounced by Netflix and Redbox.
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Billionaire investor Carl Icahn invested in the energy sector in the second quarter even while pursuing more high-profile targets like Motorola and Lions Gate Entertainment, according to a regulatory filing Monday.
Lionsgate stock gained 3.9 percent today as it was added to the Russell 2000 index, effective as of the end of trading. The company's shares finished the week at $7.27, which is notable, considering that Carl Icahn's tender offer is priced at $7 a share. Icahn controls 31.8 percent of shares (as of his tender deadline last Wednesday).
Today he announced he's extended his $7 a share tender offer for Lionsgate—for the third time. Instead of expiring this evening, his tender offer will now expire at 8 pm on June 1. This comes just days after Lionsgate and Icahn sat down for talks on alternative options, talks that don't seem to have gone anywhere.
This is just the latest in the ongoing battle between the movie studio and Carl Icahn, who's attempting to take the company over for $7 a share. After facing a major setback last week Icahn isn't giving up without a fight.
The ongoing battle between corporate raider Carl Icahn and Lionsgate has yielded yet another update. The movie studio issued a release saying that its shareholders rejected Icahn's offer to buy the company's common shares for $7 per share.
Forget the dramas they produce on screen, the real life drama involving Lions Gate and Carl Icahn is worthy of a movie, all its own!
This morning the studio pre-released preliminary full year results nearly five weeks ahead of schedule — results that could influence shareholders considering Icahn's takeover plan.
Signs that the economy is recovering are popping up everywhere. Here are a few you might have missed: trucker shortages, fancy pens and "jerk" insurance!
Carl Icahn, who lost out this week on a bid to buy the three Trump Entertainment Resorts casinos in Atlantic City out of bankruptcy, says he'll appeal the ruling.
In what may be a CNBC first, two adversaries in a hostile takeover attempt went head-to-head on live television!
HE is a billionaire several times over. He has spent the better part of four decades terrorizing corporate chiefs and battling entrenched boards. His name is emblazoned on a stadium on an island in the East River, a laboratory at Princeton, a science center at the Choate Rosemary Hall school in Connecticut and charter schools in the Bronx.
Lawyers for billionaires Donald Trump and Carl Icahn are in court playing a real-life version of Monopoly over who should control some prized Atlantic City property.
After Carl Icahn upped his stake in Lions Gate, market chatter exploded. What must you know about his LGF trade as well as his Amylin and Genzyme stakes?
Lions Gate stock got a boost on the news that Icahn is looking to grow his 18.9 percent control of the company to 29.9 percent, offering $6 per share for 13 million shares, though as of now it hasn't hit that $6 mark.
When it comes to the jobs report, good news is bad news and bad news is bad news, says Gary Kaminsky. What does he mean?
Carl Icahn and Take Two Interactive Software are hardly strangers. The investor raised eyebrows Thursday after reporting an 11.3 percent stake in the video game publisher. Given his activist shareholder history, some took that as a sign that Take Two would soon be back on the sales block.