Icahn Reveals Lionsgate Debt Offer

Mar 18, 2009  •  Post A Comment

Carl Icahn said Tuesday he offered 75 cents on the dollar for some of Lionsgate’s debt, and 73 cents on the dollar for other notes, Daily Variety reports. While the prices are below face value, they’re also above recent market levels, the trade paper says. Debt holders will decide whether to accept Icahn’s offer, although the timetable isn’t clear, the publication says.
—Aimee Picchi

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