Icahn ups Lions Gate stake to 16.87 percent - Dayton Business Journal:

http://aimpublications.com/aim-cw.html
Many of Icahn's variousd investment entities acquiredabout 1.5 million shares LGF) in the latest purchase, saying in statementr that "the common shares of Lions Gate were undervalued." Icahbn now controls about 19.8 million and in a statement said that the investment entitiesx might acquire more shares. The statement also hintefd at a possible shakeupl of the Lions Gate board of directors at the nextshareholde meeting.
"The Icahn Affiliates may seek to add nominees designatedc by the Icahn Affiliates toLions Gate's boar of directors, which couldd include expanding the size of the boar of directors of Lions Gate and/or removing individuals from the board of directorss of Lions Gate," the statemen said. Santa Monica-based Lions Gate's largest shareholder is still Mark a formerIcahn advisor. Rachesky'z stake is just under 20 Rumors have persisted as to whetherIcahj . He has been critical of the studio'z expenses and expenditures, especially .