Metro-Goldwyn-Mayer Inc.'s latest drama is near a denouement.
On Friday, creditors vote on a plan to send MGM into bankruptcy court, to be relieved of a crushing debt load, not to mention a management that offered spending solutions at sharp odds with desires of the lenders.
But there is a last-minute plot twist: Stalking the studio with a rival plan of his own is activist investor Carl Icahn.
•CLICK HERE to read the Wall Street Journal story.
For reprint and licensing requests for this article, CLICK HERE.
Stories You May Also Be Interested In
- MGM Close to 'Bond' Distribution Deal with Sony
- Video Game Publisher Finds Competitors Are Good Source of Labor
- Shaken 007 Producers Put James Bond on Ice
- MGM Moving Headquarters to Beverly Hills
- Icahn Offers to Buy More MGM Debt to Aid Lions Gate
- Report: Kerkorian Considering Mirage Sale to Hold Off Icahn
- Icahn Now Supports Lions Gate, MGM Merger
- Kerkorian Buys More Shares of MGM Mirage