Lionsgate has kicked off its campaign in its battle against Carl Icahn, urging shareholders to back the minimajor’s slate for the board of directors. The shareholders meeting has been set for Dec. 14 in Los Angeles with Lionsgate asked shareholders to approve its slate of 12 nominees. Icahn, who owns 33% of Lionsgate, has put up five nominees — including veteran film exec Chris McGurk — and asserted that the current board hasn’t improved shareholder value.
http://www.variety.com/article/VR1118028087?refCatId=13