With MGM debtholders facing a fast-approaching deadline, Carl Icahn’s made another offer to MGM debtholders — his third approach to that group in a week. The Icahn offers are designed to block a proposed pre-packaged bankruptcy deal that would leave Spyglass Entertainment in charge of the Lion. MGM debtholders, who hold about $4 billion in debt, must decide whether to back the Spyglass plan by today. Icahn disclosed Wednesday that he’s been buying MGM senior debt at a price of 50 cents on the dollar and has obtained a “substantial” amount. The billionaire investor said he’s seeking to acquire an aggregate of $500 million in senior loans. MGM had no immediate response.
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