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Icahn Sues Lions Gate

Carl Icahn sued Lions Gate over what he called a "reprehensible" debt-to-equity deal executed last week by the movie studio that reduced the activist investor's stake.

Senh: Another never-ending saga between Carl Icahn and Lions Gate. I'm sure glad that The Expendables was near completion when this whole takeover started. I'm not a fan of hostile takeovers.

 

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