Lionsgate Entertainment Corp. arranged a private transaction with two unnamed bondholders that will keep 28% of $316 million in convertible debt from shareholder Carl Icahn, the Los Angeles Times reports. The transaction occurred as Icahn’s tender offer for the bonds expired, the newspaper says. It’s unclear how many bondholders agreed to Icahn’s offer, and Icahn didn’t return a call seeking comment, the Times reports.
—Aimee Picchi