If all that has taken place between Lionsgate and Carl Icahn were made into a film, this would be the nerve-shredding finale. After nearly two years of broadsides, intrigue and bitter reprisals, the corporate foes have set the annual shareholders meeting for December 14.
The event will take place for the first time in Los Angeles, albeit it at an secret venue, according to a regulatory filing.
Icahn owns 33.5% of the mini-major and will launch a proxy fight to displace Lionsgate’s board of directors and management, led by co-chairman and CEO Jon Feltheimer and vice-chair Michael Burns.
The corporate raider may enter the boardroom battle on December 14 owning a little more of Lionsgate: his latest tender offer for shares is due to expire on November 12.
In late October Lionsgate filed a lawsuit against Icahn alleging he made false and misleading statements to public investors about the wisdom of a merger with MGM, while quietly accruing MGM stock.
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