Carl Icahn Picks Up More Lionsgate Stock
The activist shareholder continues snapping up Lionsgate stock ahead of its Sept. 13 shareholders meeting in Toronto.
TORONTO – Carl Icahn this week mopped up more shares in Lionsgate Entertainment ahead of the mini-major’s annual shareholders meeting next month.
Vancouver-based Lionsgate in an Aug. 18 SEC filing reports investment vehicles aligned with Icahn on Aug. 16 snapped up another 12,696 shares at $7.00 each to take his stake to around 45.48 million shares.
Then on Aug. 18, Lionsgate's largest shareholder acquired another 41,267 shares at $6.98 each to get to just under 45.52 million shares.
The latest stock purchases, while modest in size, follow Icahn last week buying another 702,877 shares in Lionsgate.
He now has a 33.2 percent stake in the mini-major as it gets set to hold its next shareholders meeting on Sept. 13 in Toronto.
Icahn last year failed with a proxy battle bid for control of the mini-major at the 2010 annual shareholders meeting.