Lions Gate Entertainment Corp. on Thursday said it arranged the sale of $134 million of shares owned by activist investor Carl Ichan, who had once attempted to take over the company.

The Santa Monica TV and film production company, which has corporate its headquarters in Vancouver, British Columbia, said the 19.2 million shares owned by Icahn affiliates were priced at $7 each. The price was 10 cents per share lower than Wednesday’s closing price. The company did not identify any of the buyers.

Icahn, who once controlled a 17 percent stake in the company, now owns only 3.1 percent. The Icahn entities granted underwriter Piper Jaffray & Co. an option to purchase up to an additional 2.8 million shares to cover any over-allotments. Lions Gate won’t receive any proceeds from the sales, the company said.

The secondary offering was part of an agreement that Lions Gate and Icahn reached in late August after he abandoned a hostile takeover of the company. The sale reportedly was delayed from earlier this month due to stock market volatility.

Shares were up 5 cents, or less than 1 percent, to $7.15 in midday trading on the New York Stock Exchange.