Icahn acquires 1 million shares, boosts stake in Lions Gate to 16.87%

By Lisa Kerner

Charlotte, N.C., June 17 - Carl Icahn affiliates including High River LP, Hopper Investments LLC, Barberry Corp., Icahn Offshore LP, Icahn Partners LP and others filed an early warning report with the Canadian securities regulatory authorities confirming their acquisition of beneficial ownership and control of 1 million common shares, or approximately 0.85%, of Lions Gate Entertainment Corp.

The shares were acquired for $5.26 each on the New York Stock Exchange, an Icahn news release said.

According to a schedule 13D/A filed with the Securities and Exchange Commission, the shares were purchased Wednesday.

Icahn and his affiliates beneficially own and control 19,752,312 common shares, or 16.87%, of the filmed entertainment studio with headquarters in Vancouver, B.C., and a subsidiary in Santa Monica, Calif.

Representatives of the Icahn affiliates have had discussions with Lions Gate's chief executive officer and vice chairman. The investors said they plan to continue discussions with representatives of Lions Gate and may seek to add nominees to the company's board of directors.

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