Icahn Raises No Fuss At Lions Gate Meeting

LOS ANGELES (AP) — Billionaire investor Carl Icahn did not raise any issues at the Lions Gate Entertainment Corp. annual shareholders meeting, which passed uneventfully with the election of the company's board slate Tuesday.

Icahn controls 17.8 percent of the movie studio's shares and had earlier this year attempted to buy up convertible bonds to increase his influence over company decisions.

He had also criticized Lions Gate for buying the TV Guide Network and TVGuide.com from Macrovision Solutions Corp.

In the end, he did not put up an opposing slate of board candidates, and the company's candidates were elected with a majority vote at the meeting in Toronto, Lions Gate said Tuesday.

Icahn held some 1.07 million shares before reporting Feb. 13 that he had more than doubled his stake in Lions Gate. As of July 20, he owned 20.9 million shares.

Since the close of trading Feb. 12, shares have increased 51 percent. They were down 8 cents at $6.43 in afternoon trading Tuesday.