05/01/2010 05:12 am ET Updated May 25, 2011

Icahn Details Tense Talks With Lions Gate Leading To Hostile Offer

Carl Icahn, who launched a not-so-tender offer on Monday to raise his stake in Lions Gate Entertainment to nearly 30%, wants to put his own person on the independent studio's board in order to scrutinize its investments in movies and television shows, as well as to reduce overhead spending, according to a Securities and Exchange Commission filing.

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