Lionsgate Investor Supports Firm

Mar 19, 2009  •  Post A Comment

MHR Affiliated Funds, which holds 19.99% of Lionsgate stock, said in a recent regulatory that it’s “principally supportive” of the company’s management and has discussed obtaining a board seat, Daily Variety reports. MHR’s Mark Rachesky formerly worked in the 1990s with Carl Icahn, who has made an offer to buy up to $325 million of Lionsgate debt, the trade paper says.
—Aimee Picchi

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