In a defensive move against Carl Icahn's renewed hostile takeover bid, Lions Gate Entertainment Corp. on Tuesday swapped $100 million worth of convertible debt into common shares, diluting his stake a few percentage points.
The Associated Press, San Diego Union-Tribune: Business
Tue, 07/20/2010 - 1:54pm
In a defensive move against Carl Icahn's renewed hostile takeover bid, Lions Gate Entertainment Corp. on Tuesday swapped $100 million worth of convertible debt into common shares, diluting his stake a few percentage points.