Carl Icahn has increased the pressure on the board of Lions Gate Entertainment by announcing plans for a tender offer for as much as $325m of the group’s debt. The activist investor has built a stake of about 15% in the embattled studio, which owns the Saw horror franchise and hit TV shows such as Mad Men. Icahn this week broke off talks with the company after a dispute over board seats. He may try to force the studio into a merger with rival MGM.

This entry was posted by Gwen Robinson on Friday, March 13th, 2009 at 4:50 and is filed under Capital markets, People. Tagged with carl icahn, Lions Gate, MGM. Edit this entry.