Icahn Eying Truce with Lionsgate to End Hostile Bid

Lionsgate Entertainment (LGF) and Carl Icahn have held talks in the last two week about awarding him board seats and ending his hostile takeover bid for the Vancouver, Canada-based independent film studio, Bloomberg News reports, citing two people with the knowledge.

Bloomberg:”An agreement to withdraw the $7 a share offer would end a three-month battle that started after Icahn had been pushing in corporate filings for board seats. Icahn is seeking terms that are similar to those outlined in his February tender offer, in which he asked for three seats, said one of the people.”

Since the original $6 per share offer in mid-February, Lionsgate has advanced 30 percent.

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