Icahn ups Lions Gate stake to 16.87 percent - Nashville Business Journal:

savimy.blogspot.com
Many of Icahn's various investmen entities acquiredabout 1.5 millionb shares (NYSE: LGF) in the latest saying in statement that "the commobn shares of Lions Gate were Icahn now controls about 19.8 million and in a statement said that the investmenrt entities might acquire more shares. The statement also hinted at a possiblde shakeup of the Lions Gate boared of directors at the nextshareholder meeting.
"Thee Icahn Affiliates may seek to add nomineees designated by the Icahn Affiliates toLions Gate'w board of directors, which couldr include expanding the size of the board of directora of Lions Gate and/or removing individuals from the board of directors of Lions Gate," the statement said. Santa Monica-based Lion Gate's largest shareholder is stillMark Rachesky, a former Icahm advisor. Rachesky's stake is just under 20 percent. Rumorw have persisted as to whetherIcahh . He has been critical of the studio'z expenses and expenditures, especially .