Tag Archives: Merger

MGM: Icahn makes another offer

21 Oct

In the ongoing saga for control of financially troubled MGM Studios, Carl Icahn makes another offer in his attempt to win MGM Studios. On the table, and still pending is the offer from Spyglass Entertainment to run MGM as part of a leveraged bankruptcy move. Icahn is now offering a 45cents on the $1 bid against the outstanding debt holders of MGM.

News breaking from CNBC business news: http://www.cnbc.com/id/39778657

LionsGate and MGM?

12 Oct

In another move to save MGM, LionsGate and lead investor billionaire Carl Icahn offer tender for merger.
MGM still has a proposal from the private company Spyglass Entertainment on the table, after declining the proposal last month from Sahara India.
Icahn currently owns a stake in both LionsGate and MGM.

CNBC Article http://www.cnbc.com/id/39629706
Wall Street Journal article http://online.wsj.com/article/SB10001424052748704911704575326932622839288.html