MUMBAI: Carl Icahn has extended the date when shareholders of Lionsgate possibly tender their shares to him. The extension till 22 October of the current $6.50 per-share offer from Icahn was declared on Wednesday.
Icahn said that time was needed for the Supreme Court of British Columbia to consider his application for a court injunction to rescind a recent debt-to-equity conversion between Lionsgate and major investor and board member Mark Rachesky.
The particular transaction reduced Icahn‘s stake in the Vancouver-based mini-studio and potentially his influence from 37.3 to 33.5 per cent.
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