Icahn and Lionsgate continue battle
The has an update on the conflict between Carl Icahn and Lionsgate, which recently hired Joele Frank, Wilkinson Brimmer Katcher for PR support. Activist shareholder Icahn extended his offer to buy up Lionsgate’s convertible debt to May 1.
But some on Wall Street saw the corporate raider’s remarks as little more than classic spin.
“That’s his PR twist,” said Alan Gould, a New York-based media analyst with Natixis Bleichroeder Inc. “I don’t think the price he was offering was that much better than what the bonds are trading at.”