Carl Icahn's investment in Atlantic City's Taj Mahal casino may help the gambling hub stay open another year.» Read More
Rumors that activist investor Carl Icahn may be interested in this stock, "DRJ" said options skyrocketed.
After activist investor Carl Icahn raised his stake in this stock, "DRJ" said options took off.
Lionsgate's annual shareholder meeting yielded a big win for the studio — all 12 of its directors were elected and none of Icahn's five nominees.
Lionsgate's battle with Carl Icahn comes to a head Tuesday at the company's annual shareholder meeting and today Icahn made a major decision to pull his $7.50 takeover offer for the company.
Another 17 individuals or families have joined Warren Buffett's "Giving Pledge," including the 26-year-old co-founder and CEO of Facebook. Mark Zuckerberg's youth contradicts with the more familiar image of a wealthy person turning to philanthropy later in his or her life. Zuckerberg asks, "Why wait?"
Activist investor Carl Icahn and Lions Gate Vice Chair Michael Burns had harsh words for one another on Tuesday's "Fast Money."
It appears Blackstone will not succeed in its buyout attempt of Dynegy, the Houston energy company specializing in power plant operations.
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.