Lions Gate neutral on Icahn's offer (Dealscape

Lions Gate Entertainment Corp. said late Thursday it would remain neutral toward Carl Icahn's offer to buy up to $325 million of the company's convertible bonds. But the film and TV studio has warned its investors that a change in control could trigger a default.

Icahn, who owns a 14.5% stake in Lions Gate, has launched an offer to buy debt that, if converted, would double his stake to nearly 29%. The billionaire investor's offer expires April 20.

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NOT A SUBSCRIBER? Lions Gate neutral on Icahn's offer Posted on April 22, 2009 11:15 AM Lions Gate Entertainment Corp. said late Thursday it would remain neutral toward Carl Icahn's offer to buy up to $325 million of the company's convertible bonds. But the film and TV studio has warned its investors that a change in control could trigger a default. Icahn, who owns a 14.5% stake in Lions Gate, has launched an offer to buy debt that, if converted, would double his stake to nearly 29%. The billionaire investor's offer expires April 20. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 1,086 articles related to Carl Icahn 511 in-depth reports of M&A deals in the Media sector 274 company pages related to Entertainment 86 articles related to Lions Gate Entertainment Corp. 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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